Volunteers to Test Out CU Estate Planning Program
Nearly 3,000 volunteers with State Employees' Credit Union's advisory board and board of directors will have the opportunity to test out a new estate planning pilot program.
Available at the $21 billion SECU's branch locations in North Carolina, the pilot program aims to provide estate planning documents. Each estate planning package will include a will with possible trust provisions, a durable power of attorney, a healthcare power of attorney and living will, and a Health Insurance Portability and Accountability Act authorization. For wills that include trust provisions, SECU Trust Services through MEMBER Trust Co., can be named as the corporate trustee by the member to manage the trust assets and oversee the distributions on behalf of the beneficiaries.
SECU said it has identified attorneys who have agreed to prepare estate planning documents at a predetermined price. The program is intended to cover the estate planning needs of most members whose situation can be addressed in one appointment with an attorney, said Sara Trexler, senior vice president of SECU Trust Services. If a situation requires more complex planning, an SECU Trust representative can also make recommendations regarding a specific need.
The estate planning pilot program is being tested with SECU volunteers because they are able to critique the benefits of all new member offerings, according to the CU. Upon successful completion of the pilot, the program will be made available to all SECU members.