In 2007, Tennessee law was changed to allow domestic Asset Protection Trusts, which can be an excellent vehicle for some families to protect their assets for generations. As a result, Tennessee is one of the only states in the Southeast to provide this type of trust. Because Cumberland Trust & Investment Company is an independent trust company, we can serve as trustee for these trusts and will be happy to meet with you and your advisors to discuss how these trusts can be advantageous to your estate plan.

Links:
-For more information on Tennessee Asset Protection Trusts, please click here.

-For a list of Questions and Answers about Tennessee Asset Protection Trusts, please click here.