News & Insights
Trusted Ideas Blog
What is a Directed Trustee? How Can They Provide Better Service to Families?
Over the past several decades, many states have worked to update trust legislation. One of the resulting benefits in Tennessee is the directed trust model.
The Case for the Corporate Co-Trustee: Peace of Mind
Typically, naming a corporate trustee to serve as trustee or co-trustee provides many more client protections than utilizing a sole individual trustee.
Is a Revocable, Living Trust Right for You?
In a revocable or living trust, the trust creator retains rights over the trust, including the ability to change or revoke the trust at any time.
What are Tennessee Community Property Trusts?
The Tennessee Community Property Act of 2010 can benefit families nationwide. Tennessee is one of only three states that allow community property trusts.
The Case for the Corporate Co-Trustee: Continuity for your Family
An individual trustee may be unable or unwilling to serve at full capacity. A corporate trustee or co-trustee can offer the permanence and predictability.
The Case for the Corporate Co-Trustee: Maintaining Family Harmony
Often, having a neutral third-party trustee or co-trustee on the team prevents disagreements and discord among family members.
The Case for Corporate Co-Trustees
We think the corporate co-trustee arrangement can be an ideal solution for families. With a corporate co-trustee, you know you are in the hands of experts.
What to Expect: Tax Season and Your Trust
We all know taxes are inevitable. The same goes for trust tax returns since each trust must file a tax return of its own each year.
Tennessee Trust Advantage: Decanting
Decanting is a process whereby assets from an irrevocable trust are moved to a new irrevocable trust with updated provisions.
Cumberland Trust in the News
Cumberland Trust Adds Alyssa Mediate to Business Development Team as its Southeast Markets Expand
Cumberland Trust, a Nashville-based independent trust company, announces Alyssa Mediate as Business Development Officer based in Knoxville, Tennessee.
Cumberland Trust Appoints David Murray as Managing Director, Corporate Development as Company Reaches $8 Billion in Assets Under Administration
Cumberland Trust, a Nashville-based independent trust company, announces the addition of David Murray to its Corporate Development team
Cumberland Trust Expands C-Suite with Promotions of Dan Jernigan and Asha Nivison
Cumberland Trust today announced the promotion of Dan Jernigan, Chief Compliance Officer and Corporate Secretary, and Asha Nivison,
Jennie Menzie Named CEO and President of Cumberland Trust
The Board of Directors of Cumberland Trust, an independent trust company, today announced the appointment of Jennie Menzie
Scott Kendrick Joins Cumberland Trust as Chief Financial Officer and Treasurer
Kendrick is the newest member of the firm's executive management team and will lead the accounting and finance
Cumberland Trust Reaches $6B in Assets Under Administration, Promotes Veteran Employees to Executive Management
The appointment of Chris Buckley and Lori Thoeny to the firm’s executive management team comes as the company
Bob Carville Joins Cumberland Trust as Business Development Officer in Tampa-St. Pete, FL
Carville will continue to expand Cumberland Trust’s presence in Florida with the estate planning community.
Shannon McGarrity Joins Cumberland Trust as Senior Vice President, Managing Director, Business Development
McGarrity will lead the development team as they connect clients and advisors with superior trust and estate services.
Cumberland Trust Appoints Debbie Schultz New Director of Special Needs Trust Administration
As Vice President and Director of Special Needs Trust Administration, Debbie Schultz will lead the company’s growing SNT
Jennie Menzie Named President of Cumberland Trust as Company Celebrates 20 Years in Business
Cumberland Trust today announced the appointment of Jennie Menzie as President.
Disclosures
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.