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...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...