Apr 19, 2023 | Special Assets
One of the most common Special Assets held in trust is the beneficiary-occupied home. Cumberland Trust’s Special Assets Administration team, along with trust administrators, work with clients to ensure that these homes are properly managed, maintained, and...
Jan 25, 2023 | Special Assets
One approach to creating a well-developed estate plan is to utilize a trust to protect assets and ensure they are preserved for future generations. Timberland and farmland are assets individuals commonly choose to place in trust due to the significant role these real...
Dec 6, 2022 | Special Assets
Many high net-worth individuals accumulate their significant wealth through family businesses, real estate, natural resources, or other industries. In some cases, their trust assets consist of these non-conforming or illiquid holdings. Notably, trusts prove to be an...
Nov 1, 2022 | Special Assets
Oil, gas, and mineral interests are an ever-relevant asset class. Due to technological advances like horizontal drilling and fracking, vast deposits of oil and gas across the country are now producing in commercial quantities. Whether it is decades-old coal production...
Jul 13, 2022 | Special Assets
As Baby Boomers (people born in the United States between 1946 and 1964) approach their retirement, they must consider how best to transfer their wealth to the next generation. There are nearly 12 million Baby Boomers who own a business, and 70 percent of them will...
Feb 1, 2022 | Special Assets
Often called the hidden half of client wealth, recent studies suggest that on average, special assets, or illiquid assets held in trust (e.g., residential, or commercial real estate, oil, gas, or mineral interests, farmland, timberland, and closely held business...
