Preparing for the Big Wealth Transfer with a Trust Services Program

Over the next several decades, the biggest and wealthiest generation in U.S. history will transfer $30 trillion in assets to their children. The problem is that 60% of American adults don’t have an estate plan. LISTEN NOW.

Over the next several decades, the biggest and wealthiest generation in U.S. history will transfer $30 trillion in assets to their children. The problem is that 60% of American adults don’t have an estate plan, potentially hindering the smooth transfer of hard-earned assets from one generation to the next. Credit unions are in a unique position to help members protect against this risk.

We recently brought together Rachelle Czaplinski, CTFA, senior trust officer of BECU Trust Services, and Andrea Brandon, JD, vice president of marketing for Members Trust Company, as they discussed the importance of a trust services program.

A credit union’s goal is to be a member’s primary financial institution. Brandon and Czaplinski explain how a trust services program helps accomplish this goal and assists members with preparing for future critical moments. This is the second episode in Members Trust Company’s ongoing podcast series “Credit Union RX.” To learn more, hit play.

Click here to listen to other Members Trust Company Podcasts.

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