Wealth Management for All Members.

Trust

• Effective immediately after funding (while you’re still alive) – make sure your wishes are known during your lifetime & after you pass.
• Control over when and how your assets are distributed & ability to avoid probate.
• Funding depends on the nature of assets to be included.
• Review and/or update their Trusts after any life milestone or every 3-5 years.
• Separate Trusts: beneficial for couples who own separate property from previous marriages or family inheritance.
• Joint Trusts: more flexibility and less complication during the post-death admin process.

 

Will

• Effective after your death
• More simple than a Trust, less control over distribution of assets
• Names guardians for your children and pets, designates where assets will go, specifies final arrangements.
• Likely requires a probate process after you pass.
• Offers greater control over when / how your assets are distributed
• Applies to any assets you hold inside the Trust
• Many different forms and types available

 

Schedule a conversation with our financial advisors if you would like to explore estate planning options. You may also learn more by visiting our webpage.

 

*Investment products and services are offered independently through Credit Union Wealth Group. Investment accounts are custodied at Interactive Brokers Group, LLC, member of FINRA/SIPC. Credit Union Wealth Group and Southern Security Federal Credit Union are not affiliated. Products and services made available through Credit Union Wealth Group are not insured by the NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any credit union or credit union service organization. Products and services offered through Credit Union Wealth Group are not NCUA insured. These products are subject to investment risk, including the possible loss of principal amount invested.