How Your Credit Union Can Help Prepare for Estate Planning
It’s important to make a plan for what happens to your money and property if you pass away or become unable to make decisions. Though it may be a scary thought, it is a good idea to be prepared. It’s not something that those who are well off need to worry about–estate planning is for everyone. With August being Make-A-Will month it is a great time to start!
Financial Counseling
It might be hard to start estate planning if you are uncertain of where you stand financially. It’s hard to justify saving if you feel you may be having a hard time making your budget work. Remember that your credit union offers free financial counseling to help you get your budget in line. Talk with one of our certified financial counselors to review your accounts, loans, and assets. Our member services representatives could also help you to organize the information you would need for creating a will or a trust, and answer questions about beneficiaries on your accounts with us.
Our Partnership with Trust & Will
We have also partnered with Trust & Will to help make it easier and more economical for our members to plan for your estate. Trust & Will is the leading online digital estate planning solution in the US. Working with Trust & Will makes creating a will or trust simple, affordable, and secure. Since its inception Trust & Will has helped people create over 700,000 estate plans. Creating complete plans can take as little as 30 minutes. The process is 100% online with 5-star member support available Monday through Friday. Wills start at just $159 with our member discount.
Designating Beneficiaries
In order to make things for those handling your estate in the event of your death be sure to name a beneficiary or beneficiaries on your credit union accounts. This makes it much simpler a process to make sure that your assets are disbursed correctly should that become necessary. Speak to one of our member services representatives to check and make sure you have a beneficiary listed, or to update your beneficiary information.
Saving for Future IRAs
Part of estate planning is also what you will be doing when you retire and how you will be handling your funds. Your credit union offers IRAs with competitive rates and the local service you are accustomed to. Speak with a member service representative for more information on IRAs with SAFCU.
Start Your Plan Today
It’s important to make a plan for what happens to your money and property in order to protect your loved ones and ensure your wishes are followed. Schedule an appointment with one of our certified financial counselors, check out Trust & Will, or speak with a member services representative today to see how your credit union can help you get ready for estate planning. Remember that the best time to make a plan is before you need one.
