Cumberland Trust: National Leader in Special Needs Trust Administration

Apr 16, 2021 | Special Needs Trust

Cumberland Trust continues to provide diversified and comprehensive administration services for all types of trusts and estates for clients across the U.S. Recently, the company has entered a high-growth phase with $5 billion in client assets under administration. An area that has helped to drive this growth is Cumberland Trust’s dedication to building a top national practice in Special Needs Trusts (SNT)—an area where the beneficiaries are typically individuals with intellectual and developmental disabilities, and their families.

“There is growing need for servicing Special Needs Trusts and often larger banks pass on this type of relationship which requires high-quality, customized service and close engagement,” said Joseph K. Presley, Chairman, President & CEO of Cumberland Trust. “We are proud to work with SNTs and help clients with these diverse and important needs.”

Since 2001, Cumberland Trust’s Special Needs Trust Administration team has grown to serve hundreds of families across the U.S.

While many large companies do not have the flexibility to properly manage the hands-on, nurturing work that goes into SNTs, Cumberland Trust has a dedicated and focused team that is committed to this kind of trust administration. The Cumberland Trust team is focused on families as opposed to investment management, giving them the opportunity to excel in both traditional and special needs trust administration. This has played a major part in its continued exponential growth.

Since Cumberland Trust focuses on providing trust and estate administration services instead of investment management, asset management, or legal services, it is uniquely positioned to partner with wealth and estate planning advisors in meeting the needs of their clients.