RBFCU Trust Services
Preserve your family legacy for generations.
Whether seeking to manage your own assets, control how your assets are distributed after your death or plan for incapacity, a trust account can help accomplish your estate planning goals. Their power is in their versatility — many types of trusts exist, each designed for a specific purpose.
RBFCU offers trust services through Members Trust Company. RBFCU Trust Services program combines a complete trust offering, along with highly-trained professionals who are committed to adding value to the trust.
Educational events are available throughout the year.
Why choose RBFCU Trust Services?
Strategic planning
Our professionals have the unique opportunity to offer objectivity, continuity and experience in trust administration. The goal is to provide a continuum of support, from the early years of wealth accumulation to the time when asset preservation takes priority and then as attention shifts to gifting, sheltering and distribution.
Personalized service
RBFCU Trust Services professionals are available to discuss goals, expectations and concerns with their clients. By working with our professionals, clients can coordinate and assimilate all aspects of financial life to develop a customized, structured financial strategy. The right relationship and education can make all the difference.
Shared resources
There are several steps to ensure proper estate planning, including, but not limited to, wills, trusts, and powers of attorney. RBFCU Trust Services, along with a network of attorney partnerships throughout our footprint, can provide financial education and legal services to ultimately help lead to better financial decisions.
Meet our Trust Services Professionals:
Still have questions about estate planning?
Join us for upcoming educational presentations to learn how comprehensive estate planning can provide security and preserve your legacy for generations.
What is a trust?
A trust is a legal entity that holds assets for the benefit of another. Basically, it’s like a container that holds money or property for somebody else. You can put practically any kind of asset into a trust, including cash, stocks, bonds, insurance policies, real estate and artwork. The assets you choose to put in a trust depend largely on your goals.
When you create and fund a trust, you are known as the grantor (or sometimes, the settlor or trustor). The grantor names people, known as beneficiaries, who will benefit from the trust. Beneficiaries are usually your family and loved ones but can be anyone, even a charity. Beneficiaries may receive income from the trust or may have access to the principal of the trust either during your lifetime or after you die. The trustee is responsible for administering the trust, managing the assets, and distributing income and/or principal according to the terms of the trust.
What kind of trust do I need?
Every trust has a purpose. Whether your objective is to preserve assets or support a loved one, our team has access to a comprehensive range of trust accounts available that can help accomplish your individual goals. Contact our team today to help find which trust account may be right for you.
Ask us about:
- Revocable living trusts
- Testamentary trusts
- Irrevocable trusts
- Special needs trusts
- Charitable trusts
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What option is best for estate planning?
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What are the duties of the trustee?
The trustee of the trust is a fiduciary, someone who owes a special duty of loyalty to the beneficiaries. The trustee must act in the best interests of the beneficiaries at all times. For example, the trustee must preserve, protect and invest the trust assets for the benefit of the beneficiaries. The trustee must also keep complete and accurate records, exercise reasonable care and skill when managing the trust, prudently invest the trust assets, and avoid mixing trust assets with any other assets, especially his or her own. A trustee lacking specialized knowledge can hire professionals such as attorneys, accountants, brokers, and bankers if it is wise to do so. However, the trustee can’t merely delegate responsibilities to someone else.
Although many of the trustee’s duties are established by state law, others are defined by the trust document. If you are the trust grantor, you can help determine some of these duties when you set up the trust.
RBFCU Trust Services is a division of RBFCU Investments Group LLC. RBFCU Investments Group LLC is a wholly-owned subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU). Trust services available through Members Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency.
Trust and Investment products are not federally insured, are not obligations of or guaranteed by the credit union or any affiliated entity and involve investment risks, including the possible loss of principal.
This is for informational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant.
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