Sep 26, 2024 | For Professional Advisors, Understanding Trust Administration
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...
Aug 2, 2024 | Estate Planning & Administration, For Professional Advisors
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...
Mar 15, 2022 | For Professional Advisors, Understanding Trust Administration
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...
Aug 26, 2020 | For Professional Advisors, Understanding Trust Administration
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...
Nov 8, 2019 | For Professional Advisors, Understanding Trust Administration
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...
Oct 28, 2019 | For Professional Advisors, Special Assets
The Special Assets Team at Cumberland Trust, consisting of Dayton Hale, April Drennan, Natalicia Hosseinzadeh, and David Shetler, brings together their collective expertise in all matters of unique, illiquid, and hard-to-value assets held in trust. This installment...
