Site by. Prior, Meg practiced as an Associate Attorney at Goodman Callahan Blackstone, PLLC, handling Estate Administration and Probate. All rights reserved. Jodi Monroe joined Cumberland Trust in 2013. from Indiana University Maurer School of Law and is licensed to practice law in Tennessee. Prior to joining Cumberland Trust, Lauren worked at Franklin Synergy Bank as a Trust and Wealth Management Associate providing support to financial advisors with client onboarding and relationship management. There are companies that charge small accounts less (Nevada's Summit Trust will go as low as $100 a year), but plenty start their fees at $4,000 and up. 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. Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. 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. A corporate executor, with many on-staff professionals, is always available. Elly Hutchings joined the Cumberland Trust team in 2015. Amanda is active in the community as an event and herd photographer for Saddle Up! Jennie holds a B.S. Laylas background also includes experience in utilities regulation while conducting legal research and writing for the Louisiana Public Service Commission. Bonnie Parrish joined Cumberland Trust in 2017. Amanda Laginess joined the Cumberland Trust team in 2020. Senior Vice President & Managing Director, Business Development. 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. As Senior Vice President and Managing Director of Trust Administration, Caroline is responsible for relationship management and account administration, with a focus on high-net-worth families and their needs. Conveniently Headquartered in Trust-Friendly Tennessee. Yes, we have a team dedicated to the administration of Special Needs Trusts. Dudley holds a B.A. Through collaboration with our Trust and Estate Administration team members, she provides a high level of expertise to her clients. At Cumberland Trust, we work in collaboration with a familys chosen team of professional advisors. Growth Permit - Application. Lou Anne earned a B.A. He is licensed to practice law in Tennessee. Elizabeth holds a B.A. Yes, we have a team that focuses on the administration of illiquid assets held in trust. Over the past several decades, many states have worked to update trust legislation. degree in Accounting from Asbury University in Wilmore, Kentucky. For questions or to schedule an appointment, please call 717-240-6345 or email regofwills@cumberlandcountypa.gov. Prior to joining Cumberland Trust, Chase worked at Bellhops in Chattanooga as a Business Analyst. from the University of Memphis Cecil C. Humphreys School of Law. 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. Previously, she served as Vice President, Trust Advisor at SunTrust Investment Co. handling Trust Administration for their private wealth management department. Meg started her career with Cumberland Trust in 2011 as a Trust Officer with the Special Needs Administration team and later transitioned to the role of Assistant Fiduciary Counsel. Robert focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. 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. Nathan Hyde joined the Cumberland Trust team in 2002 and serves as Senior Vice President and Director, Business Continuity and Information Security. Lou Anne Wolfson joined Cumberland Trust in 2013. She develops and implements marketing initiatives for Cumberland Trusts ten offices. Additionally, she mentors trust officers and their teams, building connections between Cumberland Trusts relationship managers, external advisors, and clients. Owen focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. In this role, Avery works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Previously, Lori served as Senior Vice President and Managing Director of Corporate Strategy. Leslie Malkiewicz joined the Cumberland Trust team in 2014. Senior Vice President & Managing Director, Trust Administration. The beneficiaries of the trust must be clearly identified or ascertainable. It all depends on the size of account they're courting and what makes economic sense, Christopher Holtby, president of Wealth Advisors Trust Company, told me. in Business Administration from Middle Tennessee State University, with a major in Finance. One of the resulting benefits. Nathan is a Certified Securities Operations Professional (CSOP), a designation awarded by Cannon Financial Institute. With a connected team of 120+ experts at your service in 10 offices nationwide. 40 Burton Hills Boulevard Suite 300, Nashville, TN 37215-6292. 2021 Cumberland Trust. Our trustee fee schedule forces us to be effective and mindful. 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 She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. Jared received a B.S. Chris is a chartered Financial Analyst (CFA) and Certified Trust and Financial Advisor (CTFA). from the University of Illinois, Champaign-Urbana, IL where she majored in Economics. He has held internships with Davos Investment Group, performing macroeconomic and market research; as well as Vault Investment Properties, working with real estate investment. There is no worry that we will be influenced to favor one beneficiary over another. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. Estate and post-mortem trust administration to honor, support, and carry out your wishes. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Caitlyn A. Lovell joined the Cumberland Trust team in 2019. Douglas is a member of the Young Alumni Council and Gordon Ford College of Business Associates at Western Kentucky University. Bonnie holds B.S. Jared has extensive experience working with family offices and in the administration of complex trust assets, including inherited Individual Retirement Accounts (IRAs). Find local administrative orders and rules. One of our co-founders is a former insurance actuary (e.g. Lauren Bargo joined Cumberland Trust as a Trust Specialist in 2022. Constant availability. 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. We are not investment advisors and focus our efforts solely on trust and estate administration. Sara Speidel joined the administration team at Cumberland Trust in 2007. Previously, Zandra worked in retail management. In this role, Sarah collaborates with the Personal Trust Administration team to support individuals and families, along with their financial, legal, and tax advisors. All rights reserved. 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. Alex is the Vice President and Director of Cumberland Trusts personal trust administration division. Beth is a Certified Mediator and licensed to practice law in Tennessee. In some cases, the creator of the trust may also name himself as co-trustee to be responsible in part for administering the trust. One of the resulting benefits. He assists with various tasks related to real estate; oil, mineral, gas interests; LLC interests and other special assets for Cumberland Trusts clients. in Political Science from Vanderbilt University and his J.D. In this role, Hannah administers personal trust accounts. LOCATIONS NEAR ME Resources and Insights She specializes in delivering a range of customized trust solutions to best serve each client. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Plan, preserve, and protect your legacy for generationstocome. His duties include coordinating the purchase and disposition of trust held properties, ordering and analyzing appraisals and overseeing the management of special assets and properties held in 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, Sara Kate works with the Estate Administration team to support families and professional advisors in the administration of estates and administrative trusts. Lauren holds a bachelors in business administration and a MBA from the University of Mississippi. Additionally, she has experience working with Cumberland Trusts legal team. $12.00 for the first 5 pages, $1.00 for each additional page. She specializes in estate and post-mortem trust administration, especially those involving complicated family structures and tax issues. 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. Most of the people I talked to say the cost of running a trust has already gone about as low as it can go. 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. in Family and Consumer Sciences from the University of Georgia. Our advisor-friendly commitment to independent trust and estate administration allows financial advisors, estate planning attorneys, and accountants to provide their expertise, while we focus on performing our fiduciary duty and taking care of our mutual clients. Danielle Croteau joined Cumberland Trust as a Trust Specialist in 2022. 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. Each relationship manager is part of a team, so there will always be someone available who is familiar with the account. Vice President & Director, Special Assets. All rights reserved. Additional fees may apply for special services. Cumberland Town Hall, 290 Tuttle Road, Cumberland, ME 04021, (207) 829-5559 Email Us Hours: Monday-Wednesday: 8am-5pm, Thursday: 8am-6pm, Friday: CLOSED. * Preservation fee added to every recorded . Katelynn Novak joined Cumberland Trust as a Trust Specialist in 2021. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). Once a Northern Trust account grows beyond $30 million, the company will only charge 5 basis points: $500 a year per $1 million.). As a collaborative member of the Personal Trust Administration team, Eloise provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Prior to joining Cumberland Trust, he was a Financial Consultant at Fidelity Investments in Chesterfield, Missouri. Currently, Michelle manages the business development team, who work in Cumberland Trusts headquarters and in each of its regional offices. Alex Gillott has been with Cumberland Trust since 2013. How Can They Provide Better Service to Families. The Playhouse celebrates its 50th . in Education with Majors in Kinesiology and Criminology from The University of Tennessee, Knoxville. from the Nashville School of Law. in Economics and Finance from Baylor University in Waco, Texas. This legislation allows all of the trust creators top advisors to be involved in the trust management. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. Kim Kochamba joined the Cumberland Trust Special Needs Trust Administration team in 2023 as a Trust Specialist. She is also a past board member of The Bobby Dodd Institute, a nonprofit that helps individuals living with a disability succeed at work, in the community and in life. Prior to joining Cumberland Trust, she worked for Larson Juhl as a customer service team leader. Tenisha Clausi joined the Cumberland Trust team in 2013. Stephen holds a bachelors degree in Managerial Economics with a concentration in Business Economics from the University of California, Davis. 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. The Cumberland Land Trust is a private, non-profit, charitable, conservation organization run by a dedicated group of volunteers. Additionally, he is a member of Estate Planning Council of Middle Tennessee and active member of the University of Tennessee, Knoxville Alumni Association. Interpretation Appeal Application - Fillable. 2021 Cumberland Trust. Throughout her time at Belmont, she held internships focusing on account and business management. in Finance from the Middle Tennessee State 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). Prior to joining Cumberland Trust, Heather worked for 11 years at medSR, creating and overseeing their human resources and administrative functions. 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. in Corporate Management and Marketing from Lipscomb University. Site by, The Collaborative Directed Trustee/Financial Advisory Relationship. He holds a B.B.A. Sloan received her B.A. from Nashville School of Law. Natalicia Hosseinzadeh joined the Cumberland Trust team in 2018. Some vendors refused to participate in the survey because they either work on an a la carte basis (Peak Trust) or figure out what to charge once they see the trust paperwork (Commonwealth Trust). in Political Economy from Sweet Briar College in Sweet Briar, Virginia. Laura specializes in administration with distinctive care services, an extra level of support for clients. Andrea holds a B.A. This definitive guide on cost efficient trustee fees will pull back the curtains on what corporate trustees do and how they charge their fees. Additionally, she manages the growing legal team. . Learn more to protect yourself and avoid falling victim. In his role as Vice President and Fiduciary Counsel, Stephen reviews and drafts documents relating to trust and estate accounts. Gina holds a B.S. Jennie holds a B.S. She received a B.B.A. 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. 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. Prior to joining Cumberland Trust, Riley worked as an Operations Analyst at UBS Financial. Robert holds a B.S. Is a Revocable, Living Trust Right for You? She has particular expertise in tax and estate planning involving real estate, closely held business entities and planning for a family member with a disability (Special Needs Planning). To contact us, click here. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. from Simon Fraser University in Vancouver, British Columbia, and an M.B.A. from Western Governors University. Additionally, at Belmont, Mary Elizabeth was involved in many organizations, assisting with the recruitment of new students, and maintaining the schools relationship with alumni and board members. But there are a lot of vendors out there that are happy to offload the investment responsibilities and knock a bit off their fees in return. Its expensive to be a fiduciary, Blattmachr acknowledged in our conversation. Provide a measure of protection when beneficiaries may lack the maturity or expertise to manage their ownaffairs. Charitable trusts can have tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. Susan Smith joined the Cumberland Trust team in Atlanta in 2017 to help service the ever-growing Georgia market. Some of these accomplishments include winning the TIAA Excellence Award, serving as a TIAA Emerging Leader, on the Diversity and Inclusion Council and as a corporate United Way liaison. Brianna studied Business Administration at Georgia State University. Site by Circa Creative Studios. In this role, Stephen collaborates with a team working with unique, illiquid, and hard-to-value assets held in trust. 633 Chestnut Street In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. Caroline L. H. Bradshaw joined the Cumberland Trust team in 2007. She received her J.D. 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. He also leads training initiatives to support Cumberland Trusts growing administration team as they serve clients. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. An outside scholarship may cover the access fee only if the scholarship provider submits to the Office of Financial Aid a written statement that stipulates the scholarship . in History of Art and Architecture from the University of Reading in England. He has also worked in a private legal practice in the areas of estate planning, taxation, real estate, and general business. NO CASH REFUNDS. Her background also includes experience in federal and state contract management, and insurance defense litigation. Before joining Cumberland Trust, Lori worked in the Institutional Sales division and Private Wealth Management group at Merrill Lynch and at Morgan Keegan and J. C. Bradford and Company. During her time at U.S. Trust, she assisted families with multi-generational financial planning, credit needs and overall wealth management services. Bonnies previous experience also includes roles at JP Morgan Chase and Deutsche Bank. in Financial Management & Financial Planning from Western Kentucky University (Summa Cum Laude). He advises the company on trust and estate administration, special assets administration, fiduciary compliance and corporate governance matters. Zandra Ribas joined the Cumberland Trust team in 2019. 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. Senior Vice President & Managing Director, Trust Administration, Vice President & Director, Personal Trust Administration, Vice President & Trust Officer, Administration Manager. He specializes in guiding high-net-worth individuals and families through the administration and management of personal trusts and foundations. Vice President & Director, Estate Administration. Other high-end trust companies argue that at this level, its pointless to advertise your fees because high-net-worth clients and their advisors are happy to pay for the service. Over the past several decades, many states have worked to update trust legislation. Prior to joining the legal team, Caroline worked as a Trust Officer in the estates administration department overseeing administration of estate and administrative trust accounts. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. 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. As Vice President and Trust Officer, Sara manages personal trust relationships. Permits, Applications & Fees | 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 Administration Financial advisors, accountants, and attorneys need a collaborative, non-competitive trust solution for their clients. She is a member of the Society of Trust & Estate Practitioners and earned Financial Planning Certificates 1, 2, and 3 from the Chartered Insurance Institute in the UK. in Art History with a minor in French from Sewanee: The University of the South in Sewanee, Tennessee. 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. from Southwestern Law School in Los Angeles. Trust fees are headed higher according to our pricing survey completed this week. She is a Certified Trust and Fiduciary Advisor (CTFA) and has completed Cannons Trust School program. Adriana holds a B.A. Years in Business: 22. Business Started: 1/1/2001. Outside of work, Millie enjoys reading, hiking, traveling, and spending time with friends and family. No fee. Practical Variance Appeal Application. Additionally, he is on the Board of Directors of the Center for Living and Learning and on the Advisory Board for Men of Valor. Working with us, you will get to know our team of talented, compassionate, and committed individuals who are active in their communities and passionate about taking care of our clients.
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