Trust Accounts

Protect Your Estate with a Trust Account

Establishing a Trust Account ensures that your personal wishes will be carried out correctly. Set up a Trust to:

  • Divide income among your loved ones
  • Reduce probate and estate costs
  • Protect assets from creditors

Consult your attorney to prepare the necessary paperwork to establish one of these options:

  • Revocable Living Trust
  • Irrevocable Trust
  • Testamentary Trust

Trust Account & Estate Planning

Once you have all documentation from your attorney, visit a branch to complete your Trust application. You’ll need copies of identification for all trustees (driver’s license, passport, or other form of government I.D.). We can accept either a Certificate of Trust document or the following paperwork: copy of the Trust pages, title page with name of the Trust, names of trustees/beneficiaries, notarized signature page.

Not close to a branch? You also have the option of mailing in your Trust Application with the required paperwork to establish your Trust. 

A Northwest Financial Advisor can provide the professional guidance and estate planning advice you need and will help you value your estate by taking into consideration:

  • Your current income and likely future income
  • Your annual expenses
  • Current assets and debts
  • Estate and gift tax rules and regulations

Once your estate plan is in place, reviewing your will and other estate planning documents* periodically or when faced with a significant life event, will be an easy to manage task.

To learn more about estate planning, contact Northwest Financial Advisors.

*A licensed attorney in your state of residence is needed to draw up wills and trusts. Legal services are not offered by LPL Financial or Northwest Financial Advisors.

Products offered by Northwest Financial Advisors are not federally-insured; are not obligations of the Credit Union; are not guaranteed by the Credit Union; involve investment risk.