America’s baby boomers are living decades longer than previous generations. However, that longevity comes with challenges as seniors age. From increasing health concerns to the heightened need for financial safeguards, it is imperative that older Americans...
As a financial advisor, your role commonly extends into areas of your client’s lives beyond financial returns, especially among high-net-worth families. You may find yourself serving as a voice on legacy and the future. You might also field questions about the...
The Role of Financial Advisors in Trust Planning: Key Conversations With Clients Financial advisors are finding that taking a holistic approach, which includes partnering with a client’s team of legal, financial, and trust advisors, contributes to more effective...
Trust administration and investment management are entirely separate functions, which require different skillsets and expertise to be performed well. As an independent, directed trust company, Cumberland Trust specializes in education, administration, and client...
Charitable trusts are wealth planning vehicles with advantageous tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. There are two main forms of charitable trusts: a charitable remainder trust (CRT) and a charitable...
Over the past several decades, many states have worked to update trust legislation. Tennessee is a prime example thanks to its favorable tax laws and the adoption of the Prudent Investor Act, the Uniform Trust Code, and other asset protection legislation. These...
