May 17, 2022 | Estate Planning & Administration, Understanding Trust Administration
Cumberland Trust’s Vice President and Director of Personal Trust Administration, Alex Gillott, recently joined UBS Advisor Langley Respess as a guest on his Life, Work, and Money podcast to discuss estate planning with trusts and examine the differences between...
Apr 25, 2022 | Estate Planning & Administration, Understanding Trust Administration
Recently, Michelle Diamond, our Chief Development Officer, and Heather Savage, Senior Vice President and Business Development Officer, joined Monument Wealth’s Off The Wall podcast to discuss common estate planning scenarios and address misconceptions about...
Apr 12, 2022 | Understanding Trust Administration
There are many estate planning strategies that high net-worth individuals can utilize to protect and transfer their wealth to their spouse or the next generation. One method rising in popularity is the Spousal Lifetime Access Trust (SLAT). A SLAT is an irrevocable...
Mar 22, 2022 | Understanding Trust Administration
If establishing a trust is part of your estate plan, it is important to reflect on you and your family’s needs and to consider your options carefully when selecting a trustee. Naming a corporate trustee to serve as trustee or co-trustee often provides more client...
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...
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...
