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...Aug 26, 2020 | For Professional Advisors, Understanding Trust Administration
Charitable trusts are wealth planning vehicles with advantageous tax benefits for philanthropic families or individuals who wish to donate to charitable organizations. There are two main forms of charitable trusts: a charitable remainder trust (CRT) and a charitable...Jul 7, 2020 | Understanding Trust Administration
Wealth Matters is a monthly radio show and podcast produced by Gaslowitz Frankel LLC. The attorneys from Gaslowitz Frankel discuss the opportunities and challenges associated with preserving and managing wealth. Each month, wealth and asset management professionals...Feb 19, 2020 | Estate Planning & Administration, Understanding Trust Administration
Charitable planning is important to many families and can leave a lasting impact on organizations or causes that align with the family’s interests and values. Often, clients want to pass the philanthropic spirit down to future generations. Our directed...Nov 8, 2019 | For Professional Advisors, Understanding Trust Administration
Over the past several decades, many states have worked to update trust legislation. Tennessee is a prime example thanks to its favorable tax laws and the adoption of the Prudent Investor Act, the Uniform Trust Code, and other asset protection legislation. These...