Benefits of MEMBERS Trust Services

Asset protection and preservation

Trusts help you achieve personal, financial, and legal objectives, such as saving on estate taxes, minimizing probate, providing asset management, and assuring personal wishes are carried out after your death.

Trust planning often calls for a trust company to act as the trustee – a person or entity that holds property for the benefit of another. But often property is not just held, it is invested and distributed according to specific instructions contained within the trust agreement. So choosing a trustee is an important part of providing financial security and peace of mind for you and the people you love. You, as the creator and grantor of the trust, decide how much authority to give your trustee.

When you name MEMBERS Trust Company as your Trustee, they can serve in a number of ways on your behalf, always ensuring that your assets are handled according to your wishes.

Planning

Russ Steiner, your Trust Liaison Officer and financial services representative located at Lake Trust Credit Union, starts by working with you to establish the purpose of your trust. Some people set up a trust to protect and manage their investments. Others establish a standby trust that goes into effect if and when a predetermined event, such as a disability, occurs.

Investment advice

When it's time to make a decision about assets and investments, MEMBERS Trust Company can act in two ways. If you give them full investment discretion over your trust, they make decisions for you based on your investment guidelines and your risk tolerance. However, if you are involved in the decision making process, and have named yourself as co-trustee, MEMBERS Trust Company will make recommendations, based on investment research and the available market data. You can choose from a wide array of investment options to help your trust account grow.

Tax specialist

Tax aspects of a trust can be overwhelming for an individual trustee. MEMBERS Trust Company has experienced professionals who can anticipate important issues and help you prepare for income taxes and gift and estate taxes. They keep everyone up-to-date, with tax reports for you and your designated beneficiaries.

Bookkeeping

Meticulous attention to detail is what you expect and MEMBERS Trust Company delivers. Your bookkeeper makes sure all trust records are thorough and up-to-date, executes your buy/sell orders, collects investment income, and then deposits, disburses or reinvests that income as your trust agreement directs. You and your designated trust beneficiaries receive periodic report statements to keep you abreast of important details.

Safekeeping

Our security specialists provide safekeeping for your securities. Your assets are kept separate from other trust accounts. And unlike an individual trustee, MEMBERS Trust Company is a permanent part of our community and will be here when needed.

MEMBERS Trust Company is an independent company owned by credit unions and CUNA Mutual Insurance Society. As a Lake Trust Credit Union relationship, the professionals at MEMBERS Trust Company offer their expertise and resources to help you protect and preserve your assets based on your trust objectives. To learn more, contact Russ Steiner or MEMBERS Trust Company°.

°Third-party website. Lake Trust Credit Union is not responsible for content on this site

Representatives are registered, securities are sold, and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Trust services available through MEMBERS Trust Company. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members.

°Third-party website. Lake Trust Credit Union is not responsible for content on this site