Special Asset Administration

Customized Guidance for Unique Trust Assets

From a business built from the ground up by parents and grandparents to a home where multiple generations of family members were raised, special assets are not simply items on a spreadsheet—they’re often the initial source of a family’s wealth and generational legacy.

Preserving What’s Priceless

We understand that you and your family may have unique, illiquid assets. In fact, recent studies suggest that, on average, special assets make up 55% of the wealth of high-net-worth families. These assets are frequently an integral part of a family’s history—with sentimental value that might even outweigh monetary value.

Cumberland Trust has a dedicated Special Assets Team with years of experience in administering unique assets. Typically, our team will coordinate the special asset management with an external property manager of a family’s choosing, which may even be a family member.

The level of involvement of Cumberland Trust’s Special Assets Team depends on the type of asset held in the trust.

TALK TO A TEAM MEMBER

Common Types of Special Assets

Real estate
Beneficiary-occupied home (including primary and secondary residences)
Commercial property

Closely held businesses
LLCs, limited partnerships, etc.
Promissory notes and loans
Oil, gas, and mineral interests

Intellectual property
Timberland, agriculture, and raw land
Fine art, jewelry, and collections

Cumberland Trust is well positioned to understand and help families retain special assets held in trust.

Our unique directed trust platform allows us to work with the family’s chosen manager(s) to properly handle the illiquid assets. Based on the increasingly large role that these assets play in family wealth, Cumberland Trust has invested in a dedicated team with significant real property experience. Our team members work with families and their managers to ensure that Cumberland Trust serves as a good steward of these holdings.