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Amanda Laginess joined the Cumberland Trust team in 2020. These corporate trustees can charge an annual fee of 0.5% to 2% of the trust's assets, in addition to requiring a minimum. Outside of work, he enjoys volunteering with the North American Versatile Hunting Dog Association (NAVHDA). in Business Administration from the University of Tennessee, Knoxville and was awarded a J.D. Each time they were early or on time, fast, and provided excellent service. cumberland trust fee schedule. He has twenty-four years of experience in banking, education, and trust administration. He is a First Lieutenant in the U.S. Army JAG Corps, Reserve Component. really really smart guy in Math). 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. In this role, Riley works with the asset transfer team, helping to ensure that new accounts arrive to Cumberland Trust smoothly and efficiently. Vice President & Director, Estate Administration. As a Business Development Officer, Bob focuses on building relationships with financial advisors, attorneys, and tax professionals throughout the state of Florida. Heather holds bachelors degrees in Psychology and Religion from Lambuth University. (Includes checks, in-person withdrawals, or other electronic means) includes: Overdraft Fee - Assessed when an item is paid Returned Item Fee - Assessed when an item is returned. Sara Kate is licensed to practice law in Tennessee. 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. One of our co-founders is a former insurance actuary (e.g. Sloan received her B.A. She assists in the onboarding of new Cumberland Trust clients and their advisors, providing attentive support during times of change. Typically, the grantor is named as the primary beneficiary during his or her lifetime and may also act as his or her own trustee. Military discharge certified copy as authorized. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. Site by. In this role, she works closely with clients and their families, along with their legal, financial, and tax professional advisors. Lori is also a graduate of Belmont Universitys Center for Executive Education in Financial Planning and has obtained CFP certification. Subscribe to receive Cumberland Trust news, resources and insights in your inbox. in American Studies from the University of Tennessee (summa cum laude). 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. Mary Elizabeth holds a Bachelor of Business Administration (BBA) degree in Finance and a secondary degree in Music Business from Belmont University in Nashville. This legislation allows all of the trust creators top advisors to be involved in the trust management. Jared Lynd joined Cumberland Trust in 2017. We are compassionate and diplomatic when dealing with complex family relationships. Personal Trust Administration She earned an MBA and B.S. Learn more to protect yourself and avoid falling victim. from Western Kentucky University in Bowling Green, Kentucky. Either way, Christopher Holtby of Wealth Advisors Trust told me that theres always room for enthusiastic competitors. Robin McNeil joined Cumberland Trust as a Trust Specialist in 2022. While in law school, she developed a passion for estate planning during her time in the Homer A. Jones, Jr. Wills Clinic. Knowledge and experience to navigate complex, hard-to-value, illiquid assets. Chris has many years of experience in relationship management and trust account administration and has specialized in serving high net worth individuals and families. In her current role as Chief Strategy Officer, Lori oversees all marketing, strategy, and corporate initiatives and works in the development, planning, and management of various strategic initiatives aimed at reaching current and new target audiences. Full-Time. She serves as Senior Vice President and Managing Director of Tax Administration. She also studied abroad at the University of Aberdeen in Scotland. in Family and Consumer Sciences from the University of Georgia. Provide for the management of assets while a person is still living and govern how assets will be distributed upondeath. Lindsay earned a B.A. He received his J.D. Wealth Advisors Trust Co. trustee fee schedule rests on hourly, fixed and percentage of assets. Matt focuses on being responsive, attentive, and understanding in order to build relationships with the clients and families he serves. Tennessee continues to distinguish itself as a desirable state for trusts, and new legislation maintains this advantage. 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. If more than one of the foregoing fees could apply to a given Trust Custody Account, the highest applicable fee will apply. When I needed to indefinitely postpone my move, they kept all the information about how much furniture I had on . Republic Centre, Suite 1540 Early on, she developed the Special Needs Trust group, serving the needs of client family members with disabilities. As a collaborative member of the Special Needs Trust Administration team, Michelle provides proactive, high-quality service and cultivates supportive relationships with clients, and their financial, legal, and tax advisors through expert, attentive trust administration. Amanda is active in the community as an event and herd photographer for Saddle Up! Jennie holds a B.S. Comprehensive trust administration, education, and proactive client service for your family. Life Insurance Funded Plans Base Fee: $200.00 (where primary duty is to act as trustee for insurance policies). Gina holds a B.S. 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. Previously, she practiced Entertainment Law and Labor and Employment Litigation. Previously, Eleanor worked as an intern for The Frist Centers development department and in the development and finance division of Christies New York. Senior Vice President & Managing Director, Tax Administration. Tenisha received her masters degree from Ohio University and B.S. Based in Nashville, TN, Cumberland Trust is a small finance company with only 121 employees and an annual revenue of $2.0M. Two years (circa 2017) we asked ourselves how to calculate trustee fee schedules with more precision based on our risk and time only. In this role, Judy administers estates and administrative trusts, guiding families and individuals during times of loss and transition. Douglas holds a B.A. Previously, Leslie served as a trust officer, overseeing trust account management and administration. Lindsay holds a Bachelor of Music in Music Therapy with a Minor in Psychology from the Berklee College of Music in Boston, Massachusetts. in Advertising and Public Relations from the University of Arkansas. Shelly Donaldson serves as the Vice President and Business Development Officer based in Cumberland Trusts Atlanta office. Please contact the Admissions Office at 615-547-1246 locally or 800-467-0562 to speak with your Enrollment Specialist or email [email protected]. In this role, Kim supports a team of relationship managers and focuses on providing responsive and attentive service to clients. 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. 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. In this role, she works with the compliance department to ensure that new accounts are properly documented and opened correctly. 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. Amanda received a B.A. He has completed Cannon Trust School I. For questions or to schedule an appointment, please call 717-240-6345 or email [email protected]. from the Indiana University Robert H. McKinney School of Law in Indianapolis, Indiana. The Tennessee Community Property Trust Act. She is a member of the Knoxville Estate Planning Council and the Institute of Certified Bankers. This fee is not to be assessed on assets for which the gross-value fee was in Business Administration from Belmont University and an M.B.A. from the Jack C. Massey School of Business at Belmont University. Laura holds a Bachelor of Social Work from the University of Mississippi and a Master of Social Work from St. Louis University. Previously, Alex was the Powerlifting Coach for the Northern Illinois Special Olympics Team for two years. She continues to volunteer with the Harpeth Conservancy working on the Tennessee rivers. in Political Economy from Sweet Briar College in Sweet Briar, Virginia. Outside of work, Ryan enjoys volunteering at the St. Philip Legal Clinic in Franklin, TN. Tuition and Fees. Previously, Bonnie worked on Cumberland Trusts Operations team. There is no worry that we will be influenced to favor one beneficiary over another. 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. He is licensed to practice law in Tennessee. , passed in 2010, creates benefits for trusts owned by spouses, including providing equal ownership of property and the sharing of appreciation and income. overpaid mortgage interest refund. and was a founding member of the organizations Family Council. West Virginia Housing Fund Fee, in addition to any excise tax imposed on property transfers. Jennie Renwick joined Cumberland Trust in 2021 and serves as a Vice President and Trust Officer. No products in the cart. in Economics from Sewanee: The University of the South in Sewanee, Tennessee. Senior Vice President & Managing Director, Operations/Technology. We work closely with attorneys and financial advisors who have established estate plans and investment objectives for their long-standing clients. The grantor has ultimate control in setting up the trust: which assets will be transferred into trust, who will serve as trustee while he or she is living and after his or her death, and how the trust property will be administered during or after his or her lifetime. Menu viscount royal caravan. Others on our list (Advisory Trust, Reliance, Saturna, New Hampshire Trust) justify their minimums at lower levels. Meredith Harville joined Cumberland Trust as a Trust Administrator in 2021. in Education from Middle Tennessee State University and a Paralegal Certification from Southeastern Paralegal Institute in Nashville, Tennessee. In this role, Andrea works with the personal trust administration team to support individuals and families, along with their financial, legal, and tax advisors. Tennessee is one of only three states that allow community property trusts. The Trust Advisor realizes that this is not a comprehensive list of all firms. Growth Permit Application - Fillable. Bid Notifications. On the legal team, as Vice President and Fiduciary Counsel, Caroline reviews and drafts documents relating to trust and estate accounts. The Trust owns the assets and Texas Bank manages the assets for the benefit of specified persons or organizations.TRUSTS UNDER AN AGREEMENT TRUSTS UNDER A WILLFirst $500,000 1.000%Next $500,000 0.800%Next $1,000,000 0.700%Amounts over $2,000,000 0.600%Minimum Fee $1,000LIFE INSURANCE TRUSTS Life Insurance Trusts are trusts that Carla received a B.A. NO CASH REFUNDS. Trust Advisors - Private Trust Company: Planning, Administration & More The Uniform Trust Code, passed in 2004, provides a comprehensive set of laws that allow a trust to be administered very efficiently and effectively. Eloise holds a bachelors degree in International Global Studies with a minor in French from Sewanee: The University of the South. All rights reserved. 633 Chestnut Street Tim McCoy joined Cumberland Trust in 2022 as a Trust Officer on the Special Needs Trust Administration team. Our team is experienced in handling specialized trusts, illiquid assets, and navigating complex family dynamics with diplomacy and respect. Sara Speidel joined the administration team at Cumberland Trust in 2007.