Sep 3, 2019 | For Families and Individuals, Understanding Trust Administration
In a revocable or living trust, the trust creator (or grantor) retains rights over the trust, including the ability to change or revoke the trust at any time. Under a revocable trust, the grantor is typically named as the primary beneficiary during his or...Jun 25, 2019 | Understanding Trust Administration
We’ve previously covered many of the tax laws that Tennessee has enacted to make the state a leader in the trust world. The Tennessee Community Property Act of 2010 is one such measure, which can benefit families nationwide. Tennessee is one of only five states that...Jun 11, 2019 | Understanding Trust Administration
We think the corporate co-trustee arrangement is an ideal solution for families with wealth. In this arrangement, a family member or individual shares the responsibility of trusteeship with a corporate trustee like Cumberland Trust. This week, we will take a closer...Apr 29, 2019 | Understanding Trust Administration
We think the corporate co-trustee arrangement is an ideal solution for families with wealth. In this arrangement, a family member or individual shares the responsibility of trusteeship with a corporate trustee like Cumberland Trust. This week, as part of our ongoing...Apr 1, 2019 | Understanding Trust Administration
This year, we will be starting an ongoing blog series—The Case for Corporate Co-Trustees. Each post will examine a different aspect of trust or estate administration. Our goal is to help families become more informed when reviewing trustee options. We think the...Mar 20, 2019 | Understanding Trust Administration
It’s that time of the year again–tax season! Whether you dread or enjoy doing your taxes each year, they are inevitable. The same goes for trust tax returns since each trust must file a tax return of its own each year. Here are some helpful reminders regarding the...