May 30, 2023 | Understanding Trust Administration
Updates to the Tennessee Trust and Probate Codes Provide Options to Beneficiaries The Governor of Tennessee recently signed into law SB 492/HB 1185—a bill containing several revisions to Tennessee’s Trust Code. Over the past decade, Tennessee has significantly...Feb 21, 2023 | Understanding Trust Administration
Each year, tax returns must be prepared and filed for trusts and estates. Below are some reminders regarding the trust tax filing process. Cumberland Trust’s directed trust platform allows clients to choose their own trusted financial advisor to handle the...Jun 16, 2022 | Understanding Trust Administration
The Governor of Tennessee recently signed into law SB 2166/HB 2353—a bill containing several revisions to Tennessee’s Trust Code. As trust assets under management in Tennessee have increased to several hundred billion dollars, the Volunteer state continues to...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...