cumberland trust fee schedule
Tenisha specializes in providing attentive and professional service to her clients. Andrew Serpico joined Cumberland Trust as a Trust Specialist in 2021. No cost to post a project to get multiple bids in hours to compare before hiring. Alex holds a B.A. LOCATIONS NEAR ME Resources and Insights She specializes in delivering a range of customized trust solutions to best serve each client. It's time to rise at Cumberland University We believe your college experience should be intensely personal, intellectually challenging, and full of meaningful moments. Our Cumberland Trust Family is Here to Take Care of Yours Trusted relationships are at the heart of what we do. In her role as Trust Officer, Amanda works with individuals and families, providing service and attention to the day-to-day needs of personal trust clients. Shelly graduated cum laude from the Fredric G. Levin College of Law at the University of Florida, where she also served as an editor of the Law Review. Originally from Lake McQueeney, Texas, as Vice President and Regional Development Officer Elly focuses on building relationships with legal, financial, and tax professionals throughout the state of Texas. She also manages a growing team of Special Assets Administration professionals providing specialized administration of these complex trust assets. Diseo y fabricacin de reactores y equipo cientfico y de laboratorio 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. She received her J.D. Douglas holds a B.A. in American Studies from the University of Tennessee (summa cum laude). She is a Fellow in Charitable Estate Planning from the Institute of Charitable Estate Planning. Gina holds a B.S. Navigating trust and estate services can feel overwhelming, especially in times of loss or change. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Prior to joining Cumberland Trust, Runcie was the Charitable Giving Counsel for the American Cancer Society where he advised nationwide staff on legal and tax issues in the areas of planned giving, outright gifts, and other charitable giving arrangements. At death, a revocable trust designates a successor trustee and outlines distribution of the trusts assets. She is a graduate of Southern Trust School in Mobile, Alabama and has earned her Certified Trust and Financial Advisor designation (CTFA). Sarah Leighton joined the Cumberland Trust Personal Trust Administration team in 2022 as a Trust Specialist. Business Started Locally: 19 reviews of Cumberland Park Apartments "I lived in Cumberland Park for approximately 7 months during an internship. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. I used them twice recently, moving to and from Pennsylvania. Two years (circa 2017) we asked ourselves how to calculate trustee fee schedules with more precision based on our risk and time only. Industry Financial Services Revenue $2.0M Employees 121 Founded in 2001 Headquarters Nashville, TN Website cumberlandtrust.com Organization Type Private Is This Your Company? $25.00. Trusted relationships are at the heart of what we do. Ashley is a Nashville native and earned a B.S. 1 Stated fees are for services provided by Cumberland County and does not include any additional fees that may be charged . cumberland trust fee schedule. in Taxation from the University of Florida Levin College of Law. in International Studies, with honors, from Miami University in Oxford, Ohio. Roberts previous experience also includes roles at LegacyTree Foundation and Regions Bank. She serves as Senior Vice President and Managing Director of Tax Administration. Fee Schedule. In his role, Jody administers personal trusts, providing responsive service to our clients and their external advisors. Plat or Map. In this role, Douglas works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. by | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews | Jun 10, 2022 | durham university sports and societies | northstar refrigerator reviews To contact us, click here. Previously, she served as Treasurer at Fort Vancouver TV. High-touch administration for those needing additional support. Each time they were early or on time, fast, and provided excellent service. Layla received a B.S. 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. Haley holds a degree in environment and sustainability with a minor in political science from Sewanee: The University of the South in Sewanee, Tennessee. in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. from the University of Tennessee College of Law. Site by. Helina works with the compliance department to help ensure that accounts are opened and documented correctly. Harriet received a B.S. from the University of Florida School of Law. She focuses on delivering responsive and personalized trust administration services. There is no worry that we will be influenced to favor one beneficiary over another. With a connected team of 120+ experts at your service in 10 offices nationwide. Yes, each of our clients has a primary relationship with a dedicated trust officer or administrator. Jessica holds a B.S in Marketing from Indiana University and an MBA from Belmont Universitys Massey Graduate School of Business. Vice President, Compliance & Audit Officer. Download the Fee Schedule Personal Trusts - Continual Administration ANNUAL FEE: Based on fair market value of trust assets 0.60% of the first $1,000,000 0.50% of the next $1,000,001 - $2,000,000 0.35% of the next $2,000,001 - $5,000,000 Negotiable over $5,000,000 Minimum Fee: $3,000 Trust Settlements - Outright Distribution We're here to help guide you through this process and discuss your future at Cumberland University. Prior to joining Cumberland Trust, Dan was Vice President and Audit Supervisor of Internal Audit for Reliance Trust Company/Fidelity National Information Services, Inc. (FIS). Instead, a trust helps to ensure your assetsthe ones that youve worked so hard to buildare distributed in the time frame and manner you desire. She enjoys cultivating relationships with her clients while creating and maintaining a plan for their trust that prudently meets their needs and ultimate goals. County of Cumberland, Pennsylvania. The resulting team of experts then works together to provide the beneficiary with care and expertise, ensuring optimal management and administration of the trustorestate. One of the resulting benefits. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. Rachel Fuqua joined the Estate Administration team as a Trust Officer in 2015. Prior to Cumberland Trust, Sara worked at a Maryland title company and has experience with title searches, deeds and other loan documentation. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. Some firms work strictly from a rate card. Fees and Fines. Shannon McGarrity joined the Cumberland Trust team in 2022 as Senior Vice President and Managing Director in Business Development. in Music Business from Belmont University. $20. Before joining Cumberland Trust, Nathan worked as a Senior Consultant with Financial Industry Technical Services. For 35+ pages, please contact the County Clerk's office at (304) 264-1927. Previously, she served as an engagement officer, onboarding new trust and estate clients and acting as an internal liaison between the Business Development, Administration, and Estate departments to smoothly transition new client accounts onto our platform. Advises family on tax laws and implications. Quarterly fee of $15.30 per account. . Beth holds a bachelors degree in Mass Communications with minors in Political Science and English from Middle Tennessee State University. OUR TRUST PHILOSOPHY What We Do Independent Trust and Estate Administration Expert guidance, proactive education, and hands on services to support you, your family, your assets, and your estate. If an individual is named to settle your estate, that person could become sick, injured, or have other personal or business interests interfere at a time when his or her presence is crucial. 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. Carla Hale joined Cumberland Trust in 2009. As Vice President and Director of the Special Assets team, Dayton works primarily in the evaluation and ongoing administration of special assets, including mineral, oil and gas interests, commercial and residential real estate, closely held business interests, agricultural and rural real estate, timber properties and promissory notes. What Investors Need to Know about SECURE 2.0 Provisions, Need Help With Your Asset Allocation in Retirement? We dont take a trust that isnt going to be profitable, she told me. Others decide what your client will pay when the business is placed on the table. In the community, Caitlyn sings Alto 2 for Vox Grata Womens Choir and has been a Board Member of the Tennessee Pride Chamber since 2021. so is each estate left behind. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. (Really big clients get institutional-strength discounts. Location of This Business. Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. Just as each life and family is unique, so is each estate left behind. Under an agency trustee service agreement, the individual trustee, private or professional, has control over all trust administration and trust accounting. Join a community who will help you rise and reach your greatest potential. 36-2000 (42 pa.c.s.a. $12.00 for the first 5 pages, $1.00 for each additional page. She has also served as a trust officer in personal trust administration, administering trusts for high-net-worth individuals and families. Prior to joining Cumberland Trust, Adriana worked as an Account Manager in the direct mail industry, managing the status of accounts and supporting client relationships. Judy serves as Vice President and Trust Officer on the estate administration team. He received a J.D. If youre like many individuals this time of year, youre starting the year off by creating a list, Working with an attorney to determine what estate planning documents best fit your and your familys needs is, In a revocable or living trust, the trust creator retains rights over the trust, including the ability to. in Communication with a focus in Public Relations from Florida State University. Vice President & Director, Personal Trust Administration. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Meg holds an A.B. Advisors and estate plannersmay reproduce this survey uponrequest. in Business Administration from Middle Tennessee State University. Jennie serves on the Board of Directors of The Association of Trust Organizations. Additionally, she is a member of the Estate Planning Council of Middle Tennessee. Senior Vice President & Managing Director, Trust Administration. Additionally, she manages the growing legal team. She was awarded her J.D. Claim This Company Page Cumberland Trust Hiring clerk of court's fee bill adopted pursuant to 42 pa.c.s.a. As Vice President, Trust Officer, and Administration Manager, she is responsible for high net worth personal trust relationship management and account administration. In her role, Shelly connects individuals, families and their financial, legal, and tax advisors with Cumberland Trusts high caliber trust and estate administration services. 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. The beneficiaries of the trust must be clearly identified or ascertainable. Additionally, he manages a growing team of personal trust officers, administrators, and specialists. Caitlyn holds a B.S. Prior to joining Cumberland Trust, she worked in telecommunications and has previous experience in accounts payable, accounts receivable, payroll and taxes. Robert Ottinger joined Cumberland Trust as a Trust Administrator in 2021. Layla is licensed to practice law in Tennessee and Louisiana. Prior to joining Cumberland Trust, Rene was Vice President and Trust Advisor with SunTrust Bank and prior to that she was Director of Planned Giving for the YMCA of Middle Tennessee. Previously, she managed grantor and decedent trust administration teams with Edward Jones. Home - Cumberland Trust We are a family-focused independent trust company. Alex is licensed to practice law in Tennessee. in Business Administration from Middle Tennessee State University, with minors in Economics and Finance. Some of the advantages of a corporate executor include: Establishing an estate plan is essential and can provide you and your family with security and peace of mind for the future.Estate planning is not one-size-fits-all and varies in complexity depending on individual needs. He has twenty-four years of experience in banking, education, and trust administration. in Political Science and Economics from the University of Tennessee and a Paralegal Certificate from the National Institute of Paralegal Training in Atlanta. As a student, Hannah played all four years on the Division 1 tennis team, and was captain for two years. Meredith graduated from Boise State University in Boise, Idaho with a bachelors degree in Business Administration. There's still a fair amount of mystery surrounding exactly whats baked into each of those basis points. 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. Prior to joining Cumberland Trust, Robin served in multiple roles over six years with Brookdale Senior Living, Inc., including, Senior Living Advisor, RTA Specialist, Connection Center Supervisor, and Quality Assurance Specialist. Since 1750, the Recorder of Deeds has maintained a permanent public record of deeds and documents related to the development, transfer, and encumbrance of real estate in Cumberland County. Harriet White joined the Cumberland Trust team in 2012. Michelle Diamond is Chief Development Officer. Creating a trust can protect your assets and make sure those assets are managed for the benefit of your children or loved ones. and M.Ed in Special Education from the College of Charleston. did chimney and maddie break up; san diego housing authority cumberland trust fee schedule. For example, Santa Fe Trust accepts very small accounts, but according to its published fee scale it will still charge them at least $4,000 a year. Specialties: "Consistently, Cumberland County Playhouse presents the best musical theater offerings you're likely to find outside of NYC." - Broadway World One of the top professional theaters in rural America, Cumberland County Playhouse in Crossville, TN produces an exciting, diverse lineup of musicals, plays and concerts presented in year-round repertory. Prior to joining Cumberland Trust, she worked as an elementary and middle school teacher for more than 20 years in Philadelphia, Nashville, and Pegram. Dayton Hale joined Cumberland Trust in 2013 as a Trust Officer for special assets. Previously, while attending law school, he served as a law clerk to the Honorable Judge Kathleen N. Gomes in Division 1 of the Shelby County Probate Court. 2017 TheTrustAdvisor.com, One thing we discovered: if you just want a no-frills account, Flinn adds, its probably going to cost at least $3,000 a year. in Accounting (cum laude) and a J.D. In this role, Millie works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. Prior to that, she held an integral role as manager within Cumberland Trusts Personal Trust Administration team, with a specialized focus on relationships with high-net-worth families. Plan, preserve, and protect your legacy for generationstocome. Previously, Haley worked as a trust specialist in the Distinctive Care Division, specializing in providing assistance to trust officers and administrators, and focusing on supporting clients with special needs. in Business Administration from Belmont University (magna cum laude). Remainder beneficiaries are those beneficiaries that succeed the interest of the current beneficiaries. As Chief Fiduciary Officer, Chris oversees the day-to-day management of the entire Administration team, which includes Personal Trust Administration, Special Needs Trust Administration, and Estate Administration. He holds a B.S. We balance any requests against the interest of both the current income and remainder beneficiaries. In her role as Assistant Vice President and Trust Officer, Katrina works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Additionally, she is a member and past board member of Le Bonheur Club and is active with the Down Syndrome Association of Memphis and the Mid-South and SRVS Kids & Families. What is new at CU We are not investment advisors and focus our efforts solely on trust and estate administration. Current beneficiaries are entitled to receive current income or principal distributions from the trust either at the discretion of the trustee or as required by the terms of the document. Prior to joining Cumberland Trust, Sloan worked for more than 14 years as a Private Banker and Assistant Vice President with U.S. Trust Private Wealth Management in Nashville, TN. In this role, Owen works with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. A qualified executor must have good business sense, understand the complexities of the various laws of taxation and administration that apply to an estate, provide detailed record keeping, and provide timely and consistent communication. 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. She specializes in relationship building with families and their financial, legal, and tax advisors. We focus solely on trust and estate administration so that financial advisors, accountants, and attorneys can focus on what they do best. David Shetler joined the Cumberland Trust team in 2020. Jodi works in support of our Middle Tennessee market region, and specializes in providing responsive support to new clients and their financial, legal, and tax professional advisors. In this role, she works closely with external and internal auditors, while focusing on Fiduciary Compliance, Corporate Compliance, and Regulatory Compliance. Her experience includes developing and leading an internal middle office team to support attorneys, wealth management advisors and clients with the onboarding and funding of new trust and estate accounts and relationships. Prior to joining Cumberland Trust, she worked as a Branch Manager with SunTrust Bank in Nashville, TN. Site by, New Legislation Maintains Tennessees Status as a Leading Trust-Friendly State. She focuses on topics related to family governance structures, succession planning, and working with a corporate trustee. Companies like Wealth Advisors Trust, Advisory Trust and Santa Fe Trust, cater exclusively to investment advisors looking for a place to refer their clients who need to open a trust. Jared Lynd joined Cumberland Trust in 2017. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. In this role, Kailey provides direct support to the business development team, assisting with ongoing development and onboarding of new and prospective Cumberland Trust clients and their professional advisors. Caroline also serves as the business development liaison, representing Cumberland externally and working closely with the Business Development team in evaluating new business opportunities. We will be expanding coverage; please also include any other services offered such as investment management, special purpose trusts, HSAs, etc. She earned a Master of Management degree from the Kellogg Graduate School of Management at Northwestern University. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. She also leads strategic initiatives aimed at supporting market growth and commitment to client service, oversees the companys long-term planning goals, and advises on legal fiduciary and corporate governance matters. Lindsay has a wealth of experience in customer service and provider relations in the healthcare field as well as teaching and communications. She is a Certified Trust and Fiduciary Advisor (CTFA) and has completed Cannons Trust School program. Plans for recording must have a scheduled appointment. He focuses on being responsive, attentive, and understanding to build relationships with the clients and families he serves. In fact, Lindsays will be the first friendly voice youll likely hear when you call Cumberland Trust. Cumberland Trust Headquarters40 Burton Hills Blvd., Suite 300, Nashville, TN 37215615.783.2540, Estate and Post-Mortem Trust Administration, 2021 Cumberland Trust. We provide continuity to ensure that beneficiaries have a reliable trustee and someone to turn to throughout the duration of the trust, Qualified personal residence trusts (QPRTs). In this role, Hannah administers personal trust accounts. Specialized expertise combined with care and compassion for your family. 1725.4) effective january 1, 2017: appeal from summary criminal conviction (includes $5 automation fee) $ 48: petition for appeal nunc pro tunc (includes $5 automation fee) $ 48 Amanda is active in the community as an event and herd photographer for Saddle Up! She was awarded the Certified Trust and Financial Advisor designation (CTFA) and is a graduate of Cannon Trust School, through Cannon Financial Institute. Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. She has also worked for more than 24 years in the financial services industry, including roles as Vice President and Manager of Private Client Services at First Tennessee Bank and as a Financial Advisor with Heidtke & Company. A lack of planning during life can leave familieswhile grappling with griefnavigating the probate system, inheritance taxes, and other complex issues. Prior to joining Cumberland Trust, Laura worked at Blakeford At Home as a Care Manager and Executive Director, providing older adults with information, services, and guidance to maintain the highest level of independence in their home. from Baylor University in Waco, Texas. She enjoys volunteering with animal rescue organizations and supporting various charities to help fight against animal cruelty. Ryan Russell joined Cumberland Trust as a Trust Officer in 2022. There are very specific things that every trust has to do, and everything else is extra.. Outside of work, Avery enjoys volunteering as an assistant basketball coach. With it, you can use a trust company with trustee fees on your terms. A beneficiary can be a person or an institution. from the Nashville School of Law. Mr. Clements heads up a legal team, made up of attorneys, compliance officers, and specialists. She is a graduate of Cannon Financial Institutes Trust School and has been awarded the Certified Trust and Financial Advisor (CTFA) designation. Fees for managing smaller trusts aren't calculated by percentage because it could eat up a lot of the trust funds. Leslie is a member of the Tennessee Bar Association and is licensed to practice law in Tennessee. Whatever happens, says Kathy Roberts, the CEO of Santa Fe Trust, small accounts shouldnt be loss leaders. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. Naturally, its going to cost extra if the trust company also manages the underlying assets. Vice President & Director, Legal, Senior Fiduciary Counsel. Clerk's fee 301 & 145 Technology trust fund fee, 106 transfer fee, 212 58.1-3314 (2) Grantee tax, 039 58.1-806 Virginia outdoors Foundation-035: Quit Claim Deed $27.00 or Based on Consideration. Prior to joining Cumberland Trust, she served as the founding Director of Operations for a Middle Tennessee anti-human trafficking nonprofit organization. Robin also has more than 10 years of experience in sales and customer service and retention with the USA Today Network (Gannett Company, Inc.) as a Sales & Retention Supervisor. Ensure that government assistance continues while the basic level of care is supplemented for a child with specialneeds. Sara Kate holds a B.A in Journalism and English with a minor in French from Indiana University Bloomington. Lisa has been recognized for her work and accomplishments in the trusts and estates industry. Vice President & Manager, Business Development Associate. April holds a B.S. From checking and savings products to business loans . 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 this role, Matt works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Avery focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Toll Free: 1.888.697.0371. Stephen Crofford joined Cumberland Trust in 2016. Source: Websites and telephone interviews. As a directed trustee, we do not offer investment management services; therefore, we do not compete with financial. While attending college, she held various internships in sales and marketing. Plan, preserve, and protect your legacy for generationstocome. Beth Lee joined Cumberland Trust as a Trust Officer in Estate Administration in 2022. Sharon received a B.S. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. April Drennan joined Cumberland Trust in 2019. She serves as a Business Development Associate overseeing the onboarding of new business opportunities. 2022 Holiday Trash & Recycling Schedule | cumberlandme Home Home About Cumberland Departments Active Living 55 + Mission Book Delivery Service Community Resources Cumberland Area Rides (CAR) Durable Medical Equipment Handy Helpers Mornings With Friends Property Tax Assistance Service Request Vendor List Vendor Referral Volunteer Application Millie Adams joined Cumberland Trust as a Trust Officer in 2022. 2021 Cumberland Trust. Ryan earned a Bachelor of Business Administration degree (B.B.A.) She is licensed to practice law in Arkansas and Tennessee. Senior Vice President & Managing Director, Business Development. She has extensive knowledge in the preparation and review of legal correspondence and compliance documents. Runcie is a graduate of Baylor University with a B.B.A. TRUST MANAGEMENT FEE MARKET VALUE OF ASSETS ANNUAL FEE First $1 Million 1.20% Next $4 Million .95% Next $5 Million .65% . While $3,000 happens to be what Advisory Trust charges on the low end, it does seem to be an informal sweet spot within the trust industry. Caroline serves as a board member of the YWCA of Nashville and Middle Tennessee.
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