Nov 9, 2021 | Understanding Trust Administration
We are frequently asked by new and prospective trust clients how they or their family member(s) can be a responsible beneficiary. Here are a few tips to keep in mind: Clarify your communication preferences with your trust officer. At the beginning of a new client...
Oct 19, 2021 | Understanding Trust Administration
As an independent trust company, Cumberland Trust specializes in education, administration, and client service, while the client’s chosen financial advisor handles the investment management of the trust’s assets. This distinct difference makes Cumberland Trust unique...
Aug 17, 2021 | Understanding Trust Administration
Naming a trust company to serve as trustee or co-trustee often provides more client protections than utilizing a sole individual trustee. Trust companies are monitored by independent and government entities. This promotes effective implementation of...
Jun 25, 2021 | Understanding Trust Administration
On May 12, 2021, the Governor of Tennessee signed into law HB1186/SB0896—a bill containing several revisions to Tennessee’s Trust Code. Tennessee continues to distinguish itself as a desirable state for trust administration, and this recently enacted legislation seeks...
Mar 17, 2021 | Understanding Trust Administration
Each year, tax returns must be prepared and filed for personal trusts and estates. Below are some reminders regarding the trust tax filing process. Cumberland Trust’s platform allows clients to choose their own trusted financial advisor to handle the investment...
Feb 23, 2021 | Special Assets, Understanding Trust Administration
As members of the Special Assets Team at Cumberland Trust, Dayton Hale, April Drennan, Natalicia Hosseinzadeh, and David Shetler utilize their collective expertise in all matters of unique, illiquid, and hard-to-value assets held in trust. This installment of the...
