As families in the U.S. change, many life factors, which are common today, may require extra work in the future. This is especially true when it comes to trust and estate administration and planning. Below are just a few factors that could affect your family’s trust and estate plan: Blended…
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 three states that allow community property trusts.…
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 look at the continuity provided to families by a…
May is both Older Americans Month and Mental Health Awareness Month. Cumberland Trust’s distinctive care team supports our aging clients as well as those with mental health concerns – two populations that continue to grow in the U.S. Our elder and special care trust administration team is led by Debbie…
Nashville-based independent trust company reaches new milestone, expands roles and responsibilities of executive team to strengthen market position NASHVILLE, TENN – Cumberland Trust, a Nashville-based independent corporate trust company, today announces that it has surpassed $3.5 billion in assets under administration. This milestone is further evidence that the firm’s collaborative…
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 blog series The Case for Corporate Co-Trustees, we will…
Sadly, elder abuse and financial exploitation continue to be growing problems in the United States. During tax season, there tends to be an uptick in elder financial abuse and fraud scams. Below is a list of common scams targeting seniors. • Telemarketing, phone, and email scams Many scams are perpetrated…
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 corporate co-trustee arrangement is an ideal solution for…
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 trust tax…
Cumberland Trust continues to grow as clients choose to put their trust in the company’s comprehensive abilities to service the diverse needs of families. The Nashville-based independent trust company recently added three new hires to its team to help it further deliver best-in-class proactive trust and estate administration to its…
One of our biggest events to attend each January is the Heckerling Institute on Estate Planning in Orlando. The University of Miami School of Law puts educational programming together for estate planning professionals including attorneys, accountants, financial advisors, trust officers, charitable giving professionals, insurance advisors, elder law specialists, nonprofit advisors,…
More than ever before, people are relying on the internet to store data, communicate, and manage their finances. Some may continue to use traditional mail, written checks or filing cabinets for storing documents, but many are moving to Cloud storage, social media, and online bill-pay services as a more digitized…
Unfortunately, we will all eventually face the hardship that comes with losing a loved one. If you’ve ever served as the executor of a family member’s estate, you may also be familiar with the burden of responsibility that can accompany grief during this time. The combination of responsibilities and emotions…
Thanks to you and the confidence you have placed in us, Cumberland Trust surpassed $3.3 billion in client assets under administration last year. In 2018, we also opened an east coast office in Philadelphia, Penn. to help us meet the growing demand for personal trust solutions in the Northeast. The…
Trust documents using out of date legislation or antiquated approaches can create frustrating challenges for families and advisors. Other times, changing family dynamics or health circumstances can render a trust ineffective in meeting the needs of a beneficiary. Fortunately for clients facing such challenges, Cumberland Trust is based in one…
PHILADELPHIA, Penn. – Cumberland Trust, an independent corporate trustee serving clients in 48 states, today announced the opening of its newest office in Philadelphia, Pennsylvania. Its expansion comes at a time of growth for Cumberland Trust, who recently surpassed $3.3 billion in client assets under administration, and opened a new…
As a trust beneficiary with questions about your trust, you need a trust officer who understands and listens to you. At a traditional large bank, trust administrators may manage hundreds of accounts. When you reach out with a question, it's likely you'll have to remind him or her of your…
 
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Corporate Headquarters:
Cumberland Trust
40 Burton Hills Blvd, Suite 300
Nashville, TN 37215
 
 
615.783.2540
 
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