Trustee Fees | Wealth Advisors Trust Company FEE SCHEDULE Effective 7/1/22 * All permits and plan review fees included + Additional fees apply as needed for additional inspections # All fees based upon valuation shall be calculated using a signed contract for work. Trustee Fees: What is a Normal Fee & How to Calculate | Trust & Will What are the potential benefits and protections offered byatrust? Other companies that start at that level include New Hampshire Trust and Georgia-based Reliance Trust. Chattanooga, TN 37450, Chief Development Officer & Executive Director of Regional Markets, CTFA, Senior Vice President & Business Development Officer, 1000 Ridgeway Loop RoadSuite 105Memphis, TN 38120, Senior Vice President & Managing Director, Corporate Development, 40 Burton Hills BoulevardSuite 300, Burton Hills IVNashville, TN 37215. In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Over the past several decades, many states have worked to update trust legislation. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. Building Connected Insurance Offerings Starts With Customer-Focused Innovation, Model Portfolio & SMA Strategists Selection Guide, The 2022 TAMP GROWTH SUMMIT | RECEIVE 1.5 HRS CE CREDIT, 2022 America's Most Advisor Friendly Trust Companies, America's Best Trust Technology Buyers Guide 2021-2022. This fee is not to be assessed on assets for which the gross-value fee was cumberland trust fee schedule - sexygeeks.be Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). Lindsay Hardin joined the Cumberland Trust team in 2015. unit 3: personal and business finance grade boundaries. "Northern Trust in Delaware charges a reasonable, competitive fee and in return provides comprehensive services to our directed trust clients backed by more than 120 years of experience as a fiduciary, Lindley told me. Kimberly George joined the Cumberland Trust team in 2014. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. Saving forretirementmay soon be mandatory with employers automatically enrolling new hires into plans when eligible. Previously, Greg worked in human resources and in youth sports. Plan, preserve, and protect your legacy for generationstocome. For example, if the trust is worth $2 million, the trustee would receive $20,000 compensation that year. Although the $20,000 minimum fee looks steep at first, it makes a lot more sense when you consider that Northern Trust isnt really interested in personal directed trust accounts with less than $5 million in assets. Since our relationship managers do not have sales goals and have a manageable number of accounts, they are able to develop long-term relationships with their clients and regularly communicate with them, as needed. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Assistant Vice President & Marketing Manager. There are very specific things that every trust has to do, and everything else is extra.. Years in Business: 22. Business Started: 1/1/2001. Outside of work, Avery enjoys volunteering as an assistant basketball coach. Telephone: (703) 528-7994 Email: TrustServices@Presidential.com . 2021 Cumberland Trust. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. Prior to joining Cumberland Trust, she worked as a Customer Service Representative with State Farm. Evelyn Leonard joined the Cumberland Trust team in 2016 and works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. in Public Relations with a Minor in Marketing from Belmont University. Katrina Martin joined the Cumberland Trust team in 2020. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. from the Nashville School of Law. In this role, Ashley provides direct support to the business development team, assisting with ongoing development and onboarding of new and prospective Cumberland Trust clients and their advisors. Vice President & Director, Estate Administration. Deed Of Trust. She received her Masters degree in Management from Embry-Riddle Aeronautical University. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. Our team works in conjunction with any external property managers. Her background also includes experience in federal and state contract management, and insurance defense litigation. Cumberland County. Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. Of all of the apartment complexes I have lived in and seen, this is definitely one of the best. Douglas Stratton joined Cumberland Trust as a Trust Officer in 2022. All rights reserved. He received a J.D. so is each estate left behind. She received a J.D. As Assistant Vice President and Trust Officer in Personal Trust Administration, Lauren works with clients on day-to-day needs while also focusing on longer-term trust administration goals. It is our duty to treat all beneficiaries objectively and impartially. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Some select this option to avoid a lengthy probate process and protect the privacy of the grantor and beneficiaries of the trust. Jennie Menzie joined Cumberland Trust in 2012 and serves as President, Chief Operating Officer, and Corporate Counsel. Location of This Business. With a connected team of 120+ experts at your service in 10 offices nationwide. in History of Art and Architecture from the University of Reading in England. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. Alex Walker joined the Cumberland Trust administration team in in 2017. Admissions - Cumberland University Impartiality. cumberland trust fee schedule The trustee is held to strict fiduciary standards in order to ensure that they can only use assets from the trust property for the beneficiaries, not for their own benefit. She also studied abroad at the University of Aberdeen in Scotland. in Psychology and Sociology from Western Kentucky University. With a connected team of 120+ experts at your service in 10 offices nationwide. Andrea Higgins joined Cumberland Trust as a Trust Officer in 2022. cumberland trust fee schedule EMAIL. The grantor does not have to be significantly wealthy or have a large number of properties or assets. Vice President, Director of Human Resources. Prior to joining Cumberland Trust, Meredith worked for over five years with Nike, Inc. in their Tennessee offices. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Please consult the institution directly to confirm costs. Prior to joining Cumberland Trust, he worked as a Senior Relationship Banker at Truist Bank. Our mission is to preserve the natural resources of Cumberland for present and future generations by preserving land for open space. Some firms work strictly from a rate card. Definition of a Corporate Trustee $10.00. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. April holds a B.S. She was awarded the Certified Trust and Financial Advisor Designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Other important documents to consider when drafting a will include power of attorney(s). Working alongside your chosen team of financial, legal, and tax advisors, we provide experienced trust and estate administration, compassionate hands-on service, guidance, and support through lifes transitions. Dayton received his B.A. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. Jared is a member of the Tennessee Bar Association and is active with the Estate Planning and Probate Section. Jennie Renwick joined Cumberland Trust in 2021 and serves as a Vice President and Trust Officer. Business Started Locally: We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. Fees charged by outside investment managers are separate and apart from the fees payable under this schedule. As Corporate Strategy Officer, Jessica develops the framework and plans to support long-term strategic initiatives for Cumberland Trust. What is new at CU A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. It all depends on the size of account theyre courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. Growth Permit Application - Fillable. in Corporate Management and Marketing from Lipscomb University. Families can feel assured knowing their loved ones will be looked after when theyre gone, and that their legacy will have a lasting impact. As Vice President and Manager, Business Development Associate, Carla oversees the onboarding of new business in the Nashville area while managing a team of engagement officers. There are companies that charge small accounts less (Nevadas Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. Jennie focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Outside of work, Brianna has enjoyed volunteering at Atlanta Ronald McDonald House where she helped provide meals to patients and families in residence. Debbie Schultz is Vice President and Director of Special Needs Trust Administration at Cumberland Trust. Our premier services support families when they need it most, providing guidance, education, peace of mind, respect, and understanding. in Psychology from Agnes Scott College in Decatur, Georgia. in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. Prior to joining Cumberland Trust, she practiced as an associate attorney with a bankruptcy firm. Vice President & Director, Special Needs Trust Administration. clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. As a collaborative member of the Personal Trust Administration team, Bonnie provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Phone: 717.240.6100. He holds a B.B.A. with a concentration in Business Transactions from the University of Tennessee College of Law (magna cum laude). Jessica serves on the board of The Womens Fund, an endowment fund within The Community Foundation of Middle Tennessee. Lorena has years of experience in multiple specialty areas of trust administration and currently serves as Assistant Vice President and Trust Officer in Special Needs Trust Administration. Fee Schedule | Cumberland Federal Bank Vice President, Compliance & Audit Officer. She earned a masters degree in Industrial and Organizational Psychology from Middle Tennessee State University. Protect assets from future lawsuits, creditors, ordivorce. in Accounting (cum laude) and a J.D. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. She holds a B.B.A. Help beneficiaries avoid the unnecessary expenses ofprobate. Lorena specializes in building relationships with her clients through regular communication, care, and understanding. Sarah holds a bachelors degree in Finance from Washington State University. To make sure your institution is included or excludedin theJuly 2nd editionof this survey please let us know. 21061 and act no. Moyer & Sons Moving & Storage - Yelp Tim is a graduate of the American Bankers Association Trust School where he earned the Certified Trust and Financial Advisor (CTFA) designation. McGarrity has more than 16 years of experience in the financial services industry. A Trustee doesn't have to be a person - you can appoint a bank or professional wealth management company as Trustee if you want to. Caitlyn serves as a Trust Officer, focusing on the day-to-day administration of Special Needs Trust (SNT) relationships. Phillip holds a Bachelors degree in Business Administration with a concentration in Business Management from the University of Mississippi. Cumberland Trust | Better Business Bureau Profile As a collaborative member of the Special Needs Trust Administration team, Robin provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. in Political Science from Vanderbilt University and his J.D. She also has experience working in personal trust administration with clients requiring senior care and special care services. Prior to joining Cumberland Trust, Mr. Presley served as Senior Vice President and Head of Personal Trust Services for SunTrust Bank where he presided over the personal trust administration, estate settlement, tax, trust real estate, sales, and endowment/foundations divisions. Cumberland County - Tennessee Earlier in his career, he served as Assistant Vice President and Trust Officer and as an Operations Supervisor at Independence Trust Company. Zandra studied International Development at Sewanee: The University of the South in Sewanee, Tennessee and Economics at Roanoke College in Salem, Virginia. Owen holds a bachelors degree in Economics from The University of the South in Sewanee, Tennessee. Previously, Stephen served as Fiduciary Counsel and Special Assets Officerreviewing and preparing documents and working with unique, illiquid, and hard-to-value assets held in trust. Prior to joining Cumberland Trust, Douglas worked as a State & Local Tax Associate at KPMG LLP in Indianapolis, Indiana. Cumberland Trust has provided professional, comprehensive estate settlement services for many years throughout the geographic regions where we serve. She is licensed to practice law in Arkansas and Tennessee. Some wills can establish trusts for asset protection purposes or determine guardianship of minor children in the event of both parents death. With 15 years of experience in the financial and banking industry, Jeiman brings a high level of expertise to her clients. There's still a fair amount of mystery surrounding exactly whats baked into each of those basis points. However, if non-routine or extraordinary services . Natalicia has been a member of the National Associate of Realtors and Greater Nashville Realtors Association since 2017. Register of Wills | Cumberland County, PA - Official Website He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. In addition to providing the unique expertise required for estate and post-mortem trust administration, we appreciate the importance of expressing compassion, understanding, and consideration toward your family members during a particularly emotional time. Avery Oaks joined Cumberland Trust as a Trust Officer in 2022. She was awarded her J.D. He manages accounts day-to-day financials, while additionally assisting our Fiduciary Compliance Committee. Joseph K. Presley is Chairman and CEO of Cumberland Trust and has supported its commitment to client service, development, and market growth since he joined the company in 2001. The Tennessee Investment Services Act, passed in 2007, allows the creator of a trust to place assets in a Tennessee Investment Services Trust, also known as a self-settled or asset protection trust, to protect them from future lawsuits, creditors, and other predators. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. Matters of Trust | Home | nashvillepost.com Prior to her role on the business development team, Elsie was a Trust Administrator, focusing on the day-to-day administration of personal trust relationships for clients needing extra support. Andrew is an avid hockey enthusiast. Plan, preserve, and protect your legacy for generationstocome. Land Records Fees - Prince William County, Virginia Asha holds a B.S. 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Senior Vice President & Managing Director, Tax. in Business Administration with a concentration in Pre-Law from the Louisiana State University E.J. Judy serves as Vice President and Trust Officer on the estate administration team. Site by Circa Creative Studios. Prior to Cumberland Trust, April worked at SunTrust Bank (now Truist) as a Trust Advisor, as well as a Closely-Held Business Asset Manager, where she managed a portfolio of privately-held assets owned in trusts or other structures where SunTrust had a fiduciary capacity. She supports the estate administration team, providing care and attention to estate and post-mortem trust clients. NO CASH REFUNDS. In this role, Ryan works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. We are located in one of the most trust-friendly states, giving our clients and their assets access to very favorable trust laws. Elly received a B.S. Specialized expertise combined with care and compassion for your family. cumberland trust fee schedule. Senior Vice President & Managing Director, Trust Administration. Sara Kate Nash joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Thats about where vanilla Commonwealth trusts start, Jim McMackin, who runs the companys marketing, told me. Sara Kate is licensed to practice law in Tennessee. Previously, Caitlyn worked as an associate manager at Tumi Inc. and, before that, as an Intern for House Representative Jim Cooper. What Investors Need to Know about SECURE 2.0 Provisions, Need Help With Your Asset Allocation in Retirement? Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Eleanor Claiborne joined the Cumberland Trust team in 2012 and works in corporate strategy, events, and marketing. As Vice President, Trust Officer, and Administration Manager, Dudley is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. All rights reserved. Site by Circa Creative Studios, Specialized Knowledge and Focused Administration. Fee Schedule - Effective July 2021. It really does depend on what the client wants us to provide, he says. cumberland trust fee schedule One of our co-founders is a former insurance actuary (e.g. Rebecca Halvorson joined Cumberland Trust in 2010. PDF Recording Fees - Cumberland County Clerk's Office Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. Prior to joining Cumberland Trust, Heather worked as Vice President and Trust Officer in the Knoxville area for GreenBank, serving as a relationship manager for trusts, agencies, IRAs, endowments and other institutional accounts throughout East Tennessee and Southern Kentucky. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. As Assistant Vice President and Trust Officer in the personal trust division, she is focused on providing a high level of responsiveness and attention to her clients. Lou Anne earned a B.A. The Tennessee asset protection trust is available to anyone in the country as long as a qualified trustee is a resident of Tennessee or a Tennessee-based trust institution. In her role, Shelly connects individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. Layla is licensed to practice law in Tennessee and Louisiana. Fee Schedule Fee Schedule The Recorder's Office accepts the following payment methods: Checks* - Checks should be made payable to "Recorder of Deeds". Layla has extensive experience in due diligence, contracting, and compliance. At an annual fee of 75 basis points, this suggests that a trust really needs to have more than around $533,000 in it to earn out that $4,000 minimum fee. , passed in 2002, encourages the use of modern portfolio theory in managing trust assets and defines how trust investment management may be delegated to an investment manager. Natalicia holds a degree in Finance with a minor in Accounting from Western Michigan University in Kalamazoo, Michigan. All rights reserved. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Kailey earned a B.A. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. in Communication from Salem College in Winston-Salem, North Carolina. Previously, David interned at Valmont Investments and ECOM USA working with real estate and commodities. Our dedicated staff have the time and attention to make sure our mutual clients receive unmatched support, education, and care when they need it most. While attending college, she interned with a commercial real estate investment firm. degree in Sociology and minor in Psychology from the University of Southern Illinois-Edwardsville. 7A-307(a)(2a). It's time to rise at Cumberland University We believe your college experience should be intensely personal, intellectually challenging, and full of meaningful moments. He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. Katrina focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families she serves. Our advisor-friendly commitment assures families receive superior service. Request Information Schedule A Visit You're ready for this. Leslie earned a B.A. She serves as Corporate Events and Strategy Associate, supporting the marketing and strategy teams in growing Cumberland Trusts reach across the country. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. Prior to Cumberland Trust, Asha served as Director of Implementations at Emdeon, where she managed teams responsible for implementing direct claims connections with healthcare companies. Bonnie holds B.S. As Vice President & Director of Special Asset Administration, April works in ongoing administration of special assets held in trust, such as commercial or residential real estate; closely-held business interests; mineral, oil, and gas interests; and promissory notes. Our Team - Cumberland Trust Avery holds a B.S. from the University of Kentucky College of Law in Lexington, Kentucky. Tennessee has long been a friendly state to trusts, thanks to its favorable tax laws and its adoption of a handful of important asset protection legislation: The Prudent Investor Act, passed in 2002, encourages the use of modern portfolio theory in managing trust assets and defines how trust investment management may be delegated to an investment manager. 1 Stated fees are for services provided by Cumberland County and does not include any additional fees that may be charged . Plans for recording must have a scheduled appointment. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Previously, she worked in the legal industry as a paralegal, specializing in estate planning, estate administration and corporate law. Sharon is a registered CPA in Arkansas and is licensed to practice law in both Arkansas and Tennessee. Take time to consult with a team of trusted professional advisors (e.g., attorney, financial advisor, CPA) and carefully consider the best options for you and your family. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. Papers for birth certificate in another county one year or more after birth. No cost to post a project to get multiple bids in hours to compare before hiring. Her previous experience also includes work as an accountant and as a lawyer in private practice. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. Prior to joining Cumberland Trust, Elly served as Deputy Finance Director for a Nashville mayoral campaign and prior to that as a director of a prison re-entry program in Texas. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. in Advertising and Public Relations from the University of Arkansas. Trust Fee Schedule - Central Bank As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. He assisted the senators staff in the drafting of legislative documents, helped prepare for Senate Appropriation Committee meetings, and learned about the legislative process from behind the scenes. Many matters that used to require a court to resolve may now be resolved by agreement among the beneficiaries. Previously, he worked in the music industry for eight yearsspecializing in song licensing and royalty administration with Capitol Christian Music Group (formerly EMI) and Music Services. The grantor also specifies the purpose of the trust: if the trust may be altered (and by whom), powers given to the trustee, and when disbursements are to be made. Over the past several decades, many states have worked to update trust legislation. Michelle Femino joined Cumberland Trust as a Trust Specialist in 2022.
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