RBFCU Trust Services
Leave a legacy of love
It’s natural to worry about your family, your assets and the legacy you’ll leave. Fortunately, RBFCU Trust Services offers the insights and resources you need to manage your assets today — and transfer them tomorrow.
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Trust Administration Services
Since 2017, our team has proudly served RBFCU members and non-members seeking to manage and transfer assets through their trusts and estate plans.
Asset Management Solutions
For households with sizable assets, our senior staff members offer comprehensive, goal-based advice and guidance — including tax management and advanced insurance strategies.
Estate Settlement Support
When the time comes to settle your affairs, count on us to help. By planning now, you’ll relieve your beneficiaries of complicated, time-consuming tasks while also ensuring your wishes are followed.
Learn about trusts
Take a closer look at estate planning.
As part of our service to Texas families, RBFCU Trust Services is here to help people like you make more informed choices about your legacy.
In particular, we provide support for you as you tackle common estate planning goals. And we can help you learn more about trusts, including how they work and the available types. Below is a brief overview of those topics, but we also welcome your questions.
Common estate planning goals
Manage
your assets with more confidence while living.
Prepare
for asset management in the event of incapacity or death.
Transfer
assets more smoothly, privately and in keeping with your values.
Leave
a legacy to beneficiaries (e.g., family, charities).
How trusts work
Place
assets (e.g., money, real estate, heirloom items) into the trust.
Determine
who takes over the trust (“trustor” or professional “trust administrator”), should you become incapacitated.
Transfer
assets to designated heirs without the probate process upon passing.
Main types of trusts
Revocable living trusts
- Control assets while living
- Modify or revoke easily
- Plan for incapacity
Irrevocable trusts
- Cannot be modified, amended or terminated
- Move funds to a beneficiary
- Reduce value of estate for tax purposes
Special needs trusts
- Provide financial assistance for someone with special needs (including medical care)
- Help maintain eligibility for government programs
Testamentary trusts
- Contained in a last will and testament
- May be named as the beneficiary of a life insurance policy
- Distribute all or part of estate to beneficiaries
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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.
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This page was last updated in May 2025.
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.