The Board of Directors of Cumberland Trust today announced the appointment of Jennie Menzie as President and her election to the Board of Directors. As a result of the promotion, Menzie will now serve as President, Chief Operating Officer, and Corporate Counsel. The former president, Joseph K. “Pepe” Presley, will…
The probate process has long been associated with negative connotations and considered by some to be something that should be avoided at all costs. While some financial planners may recommend that those with larger estates try to keep property out of probate whenever possible, this is not a “one size…
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 processes and procedures and compliance with applicable regulations. Corporate trustees like Cumberland Trust operate as…
If you have an irrevocable trust, you may have named yourself as the current trustee and your spouse, partner, or other family member as co-trustee or successor trustee. Presumably, if you were to become incapacitated or die, your spouse, partner, or family member might step-in to serve as sole trustee.…
 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 to maintain this advantage. The Tennessee Bankers Association Legislative Committee meets annually…
This year, Cumberland Trust celebrates its 20th anniversary as an independent corporate fiduciary focused on client service and advisor collaboration. Since 2001, the Cumberland Trust team has grown to serve hundreds of families across the United States. During this year of growth, we are excited to announce the continued expansion…
Cumberland Trust was founded in 2001 to offer high-level service to families seeking to preserve their legacy. The Tennessee trust company provides administration services for all types of trusts and estates for clients across the U.S. An especially unique service area, Special Needs Trust administration—serving beneficiaries with intellectual and developmental…
If you are in the process of establishing an estate plan for the first time or revising your existing estate plan, you are already familiar with the formal documents drafted by your estate planning attorney—including a Last Will and Testament, Living Will, Revocable Trust, Healthcare Power of Attorney, or Financial…
Cumberland Trust is pleased to announce the promotion of Charlotte English to Vice President and Director of Special Needs Trust Administration. English joined Cumberland Trust in 2013 and will now lead the company’s growing Special Needs Trust Administration team in Nashville, TN. Cumberland Trust has entered a high-growth phase with…
Cumberland Trust announces the hiring of Shelly Donaldson as Vice President and Business Development Officer based in Atlanta. In her role, Donaldson will connect individuals, families and their financial, legal, and tax advisors with Cumberland Trust’s high caliber trust and estate administration services. She will continue to expand Cumberland Trust’s…
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…
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 management of trust assets. Because of this separation of duties,…
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 Trusted Ideas blog, written by Dayton Hale, focuses on special asset…
Cumberland Trust is pleased to announce growth in Missouri with the hiring of Lisa Tesar as Vice President and Regional Development Officer based in St. Louis. In her role, Lisa will focus on building relationships with external advisors (including financial advisors, attorneys and accountants), individuals and families through personalized trust…
Happy New Year! After a challenging and unpredictable 2020, we look forward to a fresh start in 2021. Thank you for your continued support over the past year. As we look ahead to the new year, we are delighted to share that Cumberland Trust will celebrate its 20th anniversary as…
The holiday season is upon us, and while this year’s celebrations and gatherings may be limited, we hope you are still able to enjoy the holidays safely with your loved ones. Due to the COVID-19 pandemic, sharing traditions, memories, and family stories with those around you may be more important…
Cumberland Trust, Nashville-based independent trust company, announced changes to its Administration, Corporate, and Operations leadership meant to maximize growth while continuing to offer best-in-class trust and estate administration to clients. Cumberland Trust named the following new roles to its Trust Administration and Corporate teams: Chris Buckley to Senior Vice President…
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Corporate Headquarters:
Cumberland Trust
40 Burton Hills Blvd, Suite 300
Nashville, TN 37215
 
 
615.783.2540
 
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