News & Insights

Trusted Ideas Blog

IRS Announces Changes to Estate Tax Portability Rules

The portability election allows a surviving spouse to use any estate and gift tax exemption remaining from the deceased person’s unused estate tax exemption along with their own.

Estate Planning for Married Couples

While couples may share mutual assets, it is still essential for both spouses to create their own estate plans to ensure appropriate protections are in place for the surviving spouse and any children.

Succession Planning for Family Businesses and Other Special Assets

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.

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.

Newly Enacted Legislation Maintains Tennessee’s Advantage in Trust Administration

As trust assets in Tennessee have increased to several hundred billion dollars, the Volunteer state continues to distinguish itself as a desirable state for trust administration.

Understanding Special Needs Trusts

As millions of American families raise children with intellectual, developmental, and physical disabilities, Special Needs Trusts have become incredibly important in wealth management and financial planning.

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.