mother and son spendthrift trust

How a Spendthrift Trust Saved my Relationship

Share

ShareBefore 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, […]

Read More »
image of man in a wheelchair at desk working

Putting the Trust in a Special Needs Trust

Share

ShareThere 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 […]

Read More »
Father and son estate planning

Estate Planning: How to Avoid Potential Pitfalls

Share

ShareEstate 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 […]

Read More »
Illustration of a Trustee showing all things a Trustee handles

What is a Trust?

Share

ShareI 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, […]

Read More »
calm ocean and sunrise at beach

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

Share

ShareEvery 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 […]

Read More »
Collage of family photos

The Importance of Selecting the Right Trustee

Share

ShareLife 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 […]

Read More »
Adult female with special needs sitting in wheelchair in apartment

Special Needs Planning – The Basics about Preparing Financially for Your Child

Share

ShareIn 2000, the US census revealed that over 20 million families had a family member with a physical or mental disability. That number has increased in the intervening 20 years, and each family requires ongoing, differential care for those members. Fortunately, medical advances have empowered families to take the necessary steps to provide that care […]

Read More »