Building a trusted team
If you are just getting started on your own estate plan and are unsure where to begin, don’t worry. We are here to help prepare you for the process.
Confused about the roles people play in building your plan?
Learn more about the possible participants, along with their roles and responsibilities.
Unsure about what steps you need to take and how to find the best resources?
We are here to help you gain knowledge and confidence in taking your next steps.
Request a call from one of our trust professionals at CU Trust and we will:
- Discuss what matters most to you
- Provide direction and guidance on the steps you need to take, based on your situation
- Offer connections with attorneys and others in your area.
There is no cost for these conversations, and we do not receive any compensation for the referrals we make. We were founded by credit unions and believe in ‘people helping people.’ We believe in the importance of everyone having a solid plan and gaining peace of mind when they do.
Professional Participants
Attorney
An individual licensed by the state to prepare legal documents including wills, trusts, power of attorney, medical powers of attorney that comply with state laws and protect your interests.
Trust Bank (like CU Trust)
- Trustee. Assigned to manage and distribute your assets as set forth in your legal documents. Trust owners have the option of selecting an individual trustee (often a friend or family member). Or they can appoint a professional trustee from a trust bank (like CU Trust) to serve in this important role.
Note: While it is understood that the trustee will serve after the trustholder dies, there are many situations where the services of a trustee can be helpful while you are alive as well.
- Trust Officer. The person at a trust bank responsible for the day-to-day administration of your trust.
Personal Representative
A professional trustee (like CU Trust) and/or individual named in your will to settle your estate.
Certified Public Accountant (CPA)
Prepares tax returns and assists in tax planning.
Financial/Investment/Wealth Advisor
Creates and implements a financial plan that includes investments, insurance and retirement accounts focused on achieving your goals.*
Branch/Member Center Manager
Your bank or credit union may assist you with checking, savings, and other transactional needs. They may also be a resource to connect you to other important information & services.
*If you have an investment advisor, CU Trust respects those relationships and provides fiduciary support. When a situation requires additional investment support or resources, we are available to offer additional guidance and oversight as needed.
About CU Trust
We are a unique trust bank: flexible in our approach, respectful of your existing relationships, and dedicated to being the team player that is focused on what matters most to you.