Since most of us will be working remotely for the foreseeable future, Cumberland Trust thought it would be helpful to gather and share tips to feel connected, productive, and fulfilled during this uncertain time. Follow your normal morning routine: Keep your morning routine in place and get dressed each day…
To our Cumberland Trust community: Our top priority remains the health and safety of our clients and our employees. We also have a responsibility to support our community. Effective Monday, March 23rd, Cumberland Trust will be fully operational, working in a remote capacity. We are open during normal business hours…
Last week, on March 3rd, a tornado hit Davidson, Wilson, and Putnam counties in Tennessee. Our hometown is now in disaster relief mode as our neighbors start the long process of clean up and recovery. If you are looking for a way to help, we thank you. Below are a…
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 trustee platform allows the family to remain involved in the management…
The Special Assets Team at Cumberland Trust, consisting of Dayton Hale, April Drennan and Natalicia Hosseinzadeh brings together their collective expertise in all matters of unique, illiquid and hard-to-value assets held in trust. This installment of the Trusted Ideas blog, written by Dayton Hale, focuses on oil, gas and mineral…
In a previous Trusted Ideas post, we outlined the fundamental reasons why you might want to include a letter of intent in your estate planning documents. Having a letter of intent in place is especially important for families with a child or heir with special needs. A completed letter of…
This year, Cumberland Trust enters its twentieth year in business, and continues to be an experienced independent corporate trustee solution for families and their advisors. In the past year, we continued our growth, as we approached $4 billion in assets under administration. We are now serving more families than ever…
Today is Giving Tuesday! Here are a couple of ways you can donate carefully. At year-end and during the holiday season, many Americans donate money to different charitable organizations. During this time, you may receive more requests for donations in the mail or over the phone. Unfortunately, there are fraudulent…
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 legislative updates provide greater flexibility and more options…
The Special Assets Team at Cumberland Trust, consisting of Dayton Hale and April Drennan, brings together their collective expertise in all matters of unique, illiquid, and hard-to-value assets held in trust. This installment of the Trusted Ideas blog, written by the Special Assets Team, focuses on closely held business interests,…
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. Typically, naming a corporate trustee to serve as trustee or co-trustee provides many more client protections…
A letter of intent, sometimes called a letter of instruction, can be a helpful addition to your estate planning documents. Typically, an estate plan will include formal documents drafted by your estate planning attorney, such as: · Last Will and Testament · Living Will · Revocable Trust · Healthcare Power…
These days, many of us serve as caregivers for our children, parents, other family members, or even friends and neighbors. Often, juggling the duties of a caregiver with your own career and personal responsibilities is overwhelming. Regardless of your individual situation, you may find it difficult to manage providing care…
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 her lifetime. In fact, the grantor…
This year will be coming to an end before we know it. Below is a list of common estate plan updates you can check off your financial to-do list before the new year. 1. Think about your legacy This is the first step in setting up your estate plan. For…
The special assets team at Cumberland Trust, led by Dayton Hale and April Drennan, harnesses their collective expertise in all matters of unique, illiquid and hard-to-value assets held in trust. In this installment of the Trusted Ideas blog, the special assets team breaks down what is involved in maintaining trust-owned…
About 54 million Americans, or 1 in 5, have a disability. People with disabilities represent a diverse group. For instance, the word “disability” applies to many different situations such as physical, developmental, medical diagnoses, chronic conditions, or injuries. Taking into account the diverse nature of disabilities, it is important to…
 
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Corporate Headquarters:
Cumberland Trust
40 Burton Hills Blvd, Suite 300
Nashville, TN 37215
 
 
615.783.2540
 
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