A Will is Not the Only Way.

We know that while you can’t predict the future, you can prepare for it. Which is why, unlike a will, a Revocable Living Trust is the preferred legal documentation representing how, when and to whom you want your assets distributed upon your death or in the event of your incapacity, no matter how big or small your estate. A trust is established during your lifetime in order to avoid costly probate, lengthy conservatorship proceedings, and to preserve family harmony after you’re gone.

Who Needs a Trust?

Benefits of a Trust:

  • Avoids probate, costly and time-consuming court proceedings held to oversee the collection, appraisal and distribution of your assets
  • Take effect upon your incapacity, not just death
  • Protect your assets from beneficiary misuse
  • Protect beneficiaries from elder financial abuse
  • Preserve family harmony with a corporate trustee who is objective and staffed with legal and investment professionals who have a legal duty to act in the best interest of your beneficiaries

Naming a Trustee

During your lifetime, you serve as the trustee of your trust, provided you have mental capacity. You must also designate a back-up trustee, who–upon your death or incapacity–must step into your shoes and manage trust assets for your benefit or that of your loved ones. You can choose almost anyone to serve as your back-up trustee – a family member, a friend, an accountant or a corporate trustee, like Members Trust Company.

I’m interested in talking more about a Trust versus a Will

Benefits of a Corporate Trustee

Objectivity

Objectivity

Losing a loved one is a painful experience that can affect the mind and body. A corporate trustee has the emotional sensitivity to handle legal and financial matters and communicate to beneficiaries effectively.

Family Harmony

Family Harmony

The loss of a loved one can also fuel family conflict. A corporate trustee is fair, objective and staffed with legal and investment professionals who have an obligation to act in the best interest of your beneficiaries.

Peace of Mind

Peace of Mind

Because a trust bypasses the probate court process, there will be no checks and balances on your successor trustee. A corporate trustee is regularly audited to ensure the appropriate policies and procedures are in place for proper trust administration.