Trust Division
The Tennessee Bankers Association is committed to providing our Trust Company membership with access to first-in-class legislative advocacy and professional development tools and resources. The TBA’s trust company members are invited and encouraged to participate in our flagship trust event, The Trust & Wealth Management Conference, held each fall in Nashville, Tenn. TBA also offers vast online learning resources in cooperation with the American Bankers Association for our trust membership. Finally, we encourage our trust members to actively engage in our government relations efforts, including the Bank Lawyers Committee, Government Relations Committee and Washington Conference.
Legislation
On May 10, 2019, Tennessee Governor Bill Lee signed TBA’s legislation—SB 699 / HB 676—into law as Public Chapter 340. Among several changes, Public Chapter 340 adds a new Part 13 to the Tennessee Uniform Trust Code. This new Part 13 represents a significant evolution of Tennessee trust law by permitting the creation of special purpose entities, as defined in Tenn. Code Ann. § 35-15-1301(a)(6), to serve as Trust Advisors for trusts for which a Tennessee corporate fiduciary is serving as Trustee.
This law makes Tennessee one of the most favorable states for trust situs. For an overview of the new legislation and who can benefit from the change, click here. The article is written by Aaron Flinn, a partner on Waller’s Trusts & Estates team.
For a complete summary of the changes made by Public Chapter 340, click here.
We are proud of the legislative accomplishments we’ve made over the years to enhance and update our state’s trust laws, making Tennessee one of the nation’s leading trust jurisdictions. We will annually evaluate Tennessee’s trust laws to determine what, if any, updates and amendments are needed to maintain a top state.
Trust and Investment Services, Pinnacle Financial Partners, Nashville
President/COO, Pendleton Square Trust, LLC, Nashville
Client Administration Owner/Attorney, The Law of John Billings, Knoxville
Pinnacle Bank, Memphis
Truxton Trust, Nashville
First Horizon Bank, Memphis
Memphis
Equitable Trust Company, Nashville
Diversified Trust, Nashville
Cumberland Trust and Investment Company, Nashville
The Trust Company, Knoxville
Head of Trust and Estate Administration
Carr, Riggs & Ingram, LLC, Nashville
Synovus Family Asset Management, Nashville
Trust Division Contact
Amy Heaslet, EVP/General Counsel, aheaslet@tnbankers.org.
Penny Powlas, VP of Administration, ppowlas@tnbankers.org.
ABA Education Opportunities
TBA has partnered with ABA to provide trust related education. Below is a menu of courses, briefings, and reference guides. Note there are pricing differences between TBA members and Nonmembers. Contact Amy Heaslet for more information.
| Self-Paced Online Courses | TBA Member Price | Nonmember Price |
|---|---|---|
| A Guide to Ethics in Fiduciary and Trust Activities | $95 | $130 |
| A Guide to Ethics in Financial Planning | $95 | $130 |
| A Guide to Ethics in Investments | $95 | $130 |
| A Guide to Ethics in Tax Law and Tax Planning | $95 | $130 |
| Account Acceptance and Termination | $175 | $225 |
| Asset Allocation and Portfolio Management | $175 | $225 |
| Basic Characteristics of a Trust | $175 | $225 |
| Bond Selection and Analysis | $175 | $225 |
| Discretionary Distributions | $175 | $225 |
| Duties and Powers of the Trustee | $175 | $225 |
| Economics & Markets | $175 | $225 |
| Education Planning Solutions for Minors | $175 | $225 |
| Estate and Guardian Administration | $175 | $225 |
| Estate Planning for Charitable Giving | $175 | $225 |
| Estate Planning for IRAs and Qualified Plan Balances | $175 | $225 |
| Estate Planning for the Marital Deduction | $175 | $225 |
| Estate Planning Solutions for the Business Owner | $175 | $225 |
| Estate Planning to Achieve Client Goals | $175 | $225 |
| Fiduciary Income Tax | $175 | $225 |
| Fiduciary Law | $175 | $225 |
| Fundamentals of Alternative Investment Products | $175 | $225 |
| Fundamentals of Life Insurance | $175 | $225 |
| Generation-Skipping Transfer Tax | $175 | $225 |
| Gift Taxation | $175 | $225 |
| How Trusts are Taxed | $175 | $225 |
| Income Tax Planning | $175 | $225 |
| Introduction to Estate Planning | $335 | $450 |
| Introduction to Investment Management | $335 | $450 |
| Introduction to IRAs | $95 | $130 |
| Introduction to Planning for Retirement Assets | $175 | $225 |
| Introduction to Trust Administration | $335 | $450 |
| Investment Policy | $175 | $225 |
| Investment Products | $175 | $225 |
| Managing Life Insurance Policies | $175 | $225 |
| Minimizing Fiduciary Risk and Litigation | $175 | $225 |
| Planning for Estate Tax | $175 | $225 |
| Prudent Portfolio Management | $175 | $225 |
| Special Needs Trusts | $175 | $225 |
| Stock Selection and Analysis | $175 | $225 |
| Types of Insurance | $175 | $225 |
| Understanding Transfer Tax | $175 | $225 |
| Webinars | TBA Member Price | Nonmember Price |
| ABA 2019 Trust and Estate Planning Webinar Series | ||
| Recorded suite | $1349 | $2099 |
| Individual Webinars | ||
| Security and Privacy Issues for Fiduciaries and Clients | $265 | $395 |
| Current Issues in Charitable Giving | $265 | $395 |
| What Should a Married Couple’s Estate Plan Be Post 2017? | $265 | $395 |
| Fiduciary Litigation | $265 | $395 |
| Tales from the Crypt | $265 | $395 |
| Developments in Life Insurance Planning | $265 | $395 |
| Uniform Acts Impacting Trusts and Estates | $265 | $395 |
| Planning with FLPs and LLCs: Alive and Well | $265 | $395 |
| Recent Developments in Estate and Trust Administration | $265 | $395 |
| Books & Reference Materials (printed versions) | TBA Member Price | Nonmember Price |
|---|---|---|
| Reference Guides to Wealth Management and Trust | ||
| Reference Guides (All Four Guides) | $575 | $775 |
| Individual Guides | ||
| Reference Guide to Wealth Management and Trust: Fiduciary and Trust Activities | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Financial Planning | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Investment Management | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Tax Law and Tax Planning | $165 | $225 |
| Books & Reference Materials (eBook versions) | TBA Member Price | Nonmember Price |
|---|---|---|
| Reference Guides to Wealth Management and Trust | ||
| Reference Guides (all 4 guides) | $575 | $775 |
| Individual Guides | ||
| Reference Guide to Wealth Management and Trust: Fiduciary and Trust Activities | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Financial Planning | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Investment Management | $165 | $225 |
| Reference Guide to Wealth Management and Trust: Tax Law and Tax Planning | $165 | $225 |
