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Trusted Ideas Blog

Estate Planning for Singles

People become single for a variety of reasons—widowhood, divorce, or never having been married. There is no one estate planning solution for every single person but having a plan in place is vital.

Life, Work, and Money Podcast with Langley Respess and Alex Gillott

Cumberland Trust’s Vice President and Director of Personal Trust Administration, Alex Gillott, recently joined UBS Advisor Langley Respess as a guest on his Life, Work, and Money podcast.

The Importance of Updating Your Estate Plan

Taking the time to ensure your estate planning documents are accurate and up to date is equally as important as establishing an initial estate plan.

Off The Wall Podcast: Corporate Trustees | Right For Your Estate Plan?

Michelle Diamond, Chief Development Officer, and Heather Savage, SVP & Business Development Officer, joined the Off The Wall podcast to discuss common estate planning scenarios and address misconceptions about corporate trustees.

2022 New Year’s Resolutions

If you’re like many individuals this time of year, you’re starting the year off by creating a list of things you’d like to accomplish in 2022.

Estate Planning and Wealth Transfer for Blended Families

Trusts can give a clear understanding of the division of assets after a grantor’s death while also caring for a surviving spouse and children separately and lessening any tension.

Educating the Next Generation: Ensuring Your Family Legacy Continues

Preparing the next generation can help ensure your loved ones have a genuine understanding of the values that have helped to create the family legacy.

The Pros and Cons of Probate

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 fits all” solution.

When to Consider a Corporate Co-Trustee

By appointing a corporate co-trustee, an individual shares the responsibility of trusteeship with a corporate trustee like Cumberland Trust. This arrangement allows a family member to continue to play a role in the trust management, while Cumberland Trust provides the technical expertise.