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Trust documents using out of date legislation or antiquated approaches can create frustrating challenges for families and advisors.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…
The following is a continued encapsulation of our conversation with the special needs team within our Distinctive Care Division, focused on examples of the two primary types of Special Need Trusts (First-Party and Third-Party) and how they can be the right fit for families in a variety of ways. First-Party…
As health care expenses rise in the U.S., so do the challenges faced by individuals with intellectual and developmental disabilities and their families. Managing uncertainties that come with caring for a loved one with a disability can be financially burdensome. When a person with a disability receives an inheritance or…
The statistics are staggering. And they all have an unavoidable impact on estate planning, trust administration and family care. First, our population is aging: The median age of the U.S. population is expected to grow from age 38 today to age 43 by 2060. (United States Census Bureau 2018) Those…
Q&A: SPECIAL ASSETS As technology advances, so do new approaches and trends that help our special assets team. We have previously outlined how Cumberland Trust is uniquely positioned to help maximize assets by being a corporate trustee that does not manage money. Another component of our success in special assets…
Often called the hidden half of client wealth, recent studies suggest special assets make up as much as 55 percent of wealthy client assets. Yet despite this bend toward unique properties and holdings, these can be perceived as challenging, as they require special attention and can carry sentimental value for…
Cumberland Trust was founded 17 years ago to focus on families. Making client lives less complicated by delivering on their needs and extending their values through generations. We knew our clients worked hard to build their legacy, and it was up to us to assist them in protecting it. We…
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Corporate Headquarters:
Cumberland Trust
40 Burton Hills Blvd, Suite 300
Nashville, TN 37215