mother and son spendthrift trust

How a Spendthrift Trust Saved my Relationship

Before he lost his battle with leukemia, Paul lived as a wonderful father, husband, and friend. He stood by me while our son, Matthew, struggled with addiction, and when the trials were too heavy to bear, Paul carried us both toward tomorrow. Our wedding vows reflected the life we always wanted, one of love, safety, […]

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Employees with COVID masks on

Employee Benefit Funding Trust

The pandemic caused an unprecedented shift in office dynamics, cohesion, and overall career satisfaction for employees and executives all over the world. The influx of stay-at-home orders and public concerns about COVID-19 caused a spike in remote work, and though many credit unions have adapted to changing circumstances with technology, they must apply equal focus […]

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image of man in a wheelchair at desk working

Putting the Trust in a Special Needs Trust

There are many challenges associated with ensuring your loved one with special needs receives the help and support he or she deserves throughout his or her life. Your family will have medical expenses – expected or unexpected – and will likely need to approach certain aspects of day-to-day activity differently. The most notable issue is […]

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Helping serve food - CDA blog

How Credit Unions Can Increase Their Community Impact through Charitable Donation Accounts

Charitable giving is at the forefront of the minds of many credit union leaders. Survey results revealed at the Discovery Conference suggest that over 60 percent of CEOs would like to give more to increase their community impact. However, as a credit union, you need to focus on charitable giving while prioritizing the needs of […]

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Father and son estate planning

Estate Planning: How to Avoid Potential Pitfalls

Estate planning is one of the most essential – if uncomfortable – topics to proactively discuss. While it addresses your mortality head-on, it’s the most effective way you can organize your assets for your family and beneficiaries. During this process, you must make clear decisions and work with a qualified attorney to ensure that your […]

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Illustration of a Trustee showing all things a Trustee handles

What is a Trust?

I receive more than a few questions as a senior trust officer at Members Trust Company. These questions range from the general, “What are trust services?” and “What are the benefits of a trust?” to the more specific, “How do I open a trust?” or “How do I choose the right investment management firm?” Usually, […]

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calm ocean and sunrise at beach

Exchange-traded Fund Trading: The Calm in the Eye of the Storm

Every day, there’s new information about the most recently discovered aspect of the coronavirus; its influence has spread across countries and impacted the global economy. While news outlets theorize about what this means for the market, Members Trust Company has experience with managing investments during difficult times. We rely on exchange-traded funds (ETFs) to manage […]

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Collage of family photos

The Importance of Selecting the Right Trustee

Life can change in an instant. I was only 22 years old when my mother passed away from cancer. My parents had divorced eight years earlier, so she had named me—her eldest daughter—as trustee and executrix of her estate. I was a full time law student at the time, but had no practical knowledge about […]

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