One in five American families cares for a loved one with special needs. An important tool families can use when planning for the individual’s quality of life without the primary caregiver is a Third-Party Special Needs Trust (third-party SNT). This type of trust...
Managing uncertainties that come with caring for a loved one with a disability can be financially and emotionally taxing. Persons with intellectual and developmental disabilities may be eligible for critical assistance through means-tested public benefits. However, if...
Cumberland Trust was founded in 2001 to offer high-level service to families seeking to preserve their legacy. The Tennessee trust company provides administration services for all types of trusts and estates for clients across the U.S. An especially unique service...
Cumberland Trust continues to provide diversified and comprehensive administration services for all types of trusts and estates for clients across the U.S. Recently, the company has entered a high-growth phase with $5 billion in client assets under administration. An...
Cumberland Trust’s Special Needs Trust administration team partners with families and their advisors to navigate the complexities of planning for and administering Special Needs Trusts and special purpose trusts. This installment of the Trusted Ideas blog,...
In a previous Trusted Ideas post, we outlined the fundamental reasons why you might want to include a letter of intent in your estate planning documents. Having a letter of intent in place is especially important for families with a child or heir with special needs. A...
