News & Insights
Trusted Ideas Blog
One of the most common Special Assets held in trust is the beneficiary-occupied home. Cumberland Trust’s Special Assets Administration team, along with trust administrators, work with clients to ensure that these homes are properly managed, maintained, and insured.
Many families have a desire to ensure their timberland or farmland holdings are responsibly managed under a trustee structure that not only protects and maximizes the value of these assets, but also promotes good stewardship.
Trusts prove to be an efficient vehicle for holding business interests in entities such as LLCs or Limited Partnerships and closely held stock.
Cumberland Trust’s directed trustee platform allows these holdings to be appropriately administered under a trustee structure that not only maximizes the value of the trust-held assets, but also promotes good stewardship.
Some in banking and finance might suggest these assets be liquidated to make the wealth transfer process easier; however, this solution does not necessarily serve the needs or wants of every individual or family.
Special assets are not simply items on a spreadsheet—they are often the initial source of a family’s wealth and generational legacy.
As members of the Special Assets Team at Cumberland Trust, Dayton Hale, April Drennan, Natalicia Hosseinzadeh, and David Shetler utilize their...
The Special Assets Team at Cumberland Trust, consisting of Dayton Hale, April Drennan, and Natalicia Hosseinzadeh brings together their collective...
The Special Assets Team at Cumberland Trust, consisting of Dayton Hale, April Drennan and Natalicia Hosseinzadeh brings together their collective...
Cumberland Trust in the News
The Board of Directors of Cumberland Trust, an independent trust company, today announced the appointment of Jennie Menzie
Kendrick is the newest member of the firm's executive management team and will lead the accounting and finance
The appointment of Chris Buckley and Lori Thoeny to the firm’s executive management team comes as the company
Carville will continue to expand Cumberland Trust’s presence in Florida with the estate planning community.
McGarrity will lead the development team as they connect clients and advisors with superior trust and estate services.
As Vice President and Director of Special Needs Trust Administration, Debbie Schultz will lead the company’s growing SNT
Cumberland Trust today announced the appointment of Jennie Menzie as President.
This year, Cumberland Trust celebrates its 20th anniversary as an independent corporate fiduciary focused on client service and
Cumberland Trust announces the hiring of Shelly Donaldson as Vice President and Business Development Officer based in Atlanta. In her
Cumberland Trust is pleased to announce growth in Missouri with the hiring of Lisa Tesar as Vice President
This information is not intended to be and should not be treated as legal, investment, accounting or tax advice and is for informational purposes only. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal, accounting or tax advice from their own counsel. All information discussed herein is current only as of the date appearing in this material and is subject to change at any time without notice.