We recently partnered with Affinity Trusts to offer our members discounted estate planning services. Services include creating or amending a revocable living trust to include things like pourover wills, transfer documents, durable power of attorney and advanced health care directives.
Trust and Estate Services
Complimentary consultations and discounted pricing
Through our partnership, members receive discounted planning services for living trusts. Pricing starts at $1,795 for individuals or $2,095 for married couples, which represents significant savings from contracting the services on your own.
Complimentary Consultations and Webinars
Work with an attorney or professional estate planner to create a living trust. Consultations are complimentary. To request a free consultation, simply complete the form below and an Affinity Trusts representative will contact you within two business days.
In addition, we will host several complimentary webinars so you can learn more about living trusts and how to get started. More information coming soon.
Sign up for a complimentary consultation
Steps to open a trust account
In addition to preparing a living trust, we encourage you to open a trust account with the credit union. Ensuring that your beneficiaries are members will help facilitate a seamless transfer of assets.
To open a trust account or to add your trust to an existing account, please contact a member service representative at (888) 858-6878 or visit one of our branch locations. One of our member service representatives will be happy to assist you.
What is a trust?
When a person dies and owns real property, their property is transferred to their heirs through a court-supervised proceeding called probate. Probate generally takes nearly a year to complete and can be expensive.
A trust is an estate-planning tool used primarily to avoid the delays and costs of the probate process. An individual will typically work with an attorney or professional estate planner to create a trust agreement. Upon creating the trust, the individual transfers title of their credit union and other assets to be held under the trust.
Revocable Living Trust
A revocable living trust does not go through the probate process, eliminating unnecessary delays and expense. A revocable living trust also allows the estate to be administered by a family privately, without the interference of the probate court or government officials.
In addition to a Revocable Living Trust, a will is almost always created for each client for additional purposes. In conjunction with a trust, the last will and testament acts as a pourover, transferring any miscellaneous assets that have no beneficiary or that were not properly placed into the trust by the client.
An estate plan should also include the transfer documents and grant deeds that will transfer land, properties, buildings, and houses into the client's Revocable Living Trust. The trust must be funded with one's assets to be effective. Most accounts and other assets that would otherwise be subject to probate should also be transferred into the Revocable Living Trust to guarantee that they can be administered privately by the Trustee for the benefit of the beneficiaries.
Durable Powers of Attorney
Appointing a Durable Power of Attorney for Asset Administration is essential should an illness or medical emergency render one incapable of handling financial or business decisions. These individuals will be granted the authority to continue to make financial decisions until the client recovers.
Advanced Health Care Directives / Living Wills
Creating an Advanced Health Care Directive will provide a clear line of decision-making power for the family should a health or medical emergency occur rendering the individual incapacitated. This directive is essentially a durable power of attorney for health care showing who the client appointed to make important medical decisions if the client cannot communicate with doctors. It also includes a plan that states the client's preferences about life support and other medical instructions.