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.
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.