Trust Services
At Honor Credit Union, we help you prepare for the future by offering estate planning services. We have partnered with Trust & Will and Credit Union Trust to give you peace of mind in knowing your family’s future is secure. Learn more below about the services you can take advantage of and start preparing for your future today!
Our Trust and Estate Services: Your Legacy
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Compare Our Partners
CU Trust
- Located in Michigan, CU Trust is the only trust services provider founded by credit unions (including Honor CU).
- The CU Trust team offers individuals and families support and protection by serving as professional trustee/co-trustee, managing your assets and distributions, assisting with bill paying and tax filing on behalf of your trust, while providing other valuable fiduciary services.
Trust & Will
- Trust & Will is a leading online provider of estate planning services in the U.S.
- Their easy-to-use tools enable you to create will or trust documents online from the comfort of your home, cost-effectively and without the need to find your own attorney.
Use an Online Resource
Trust & Will is a leading online provider of estate planning services in the U.S. They have easy-to-use tools that can enable you to create trust documents online from the comfort of your home, inexpensively and without an attorney.
Services Offered
- Plan for who will look after your children, what should happen to your assets, and how you’d like to be cared for when you need it
- Avoid probate by creating a complete Trust-Based Estate Plan for the protection and transfer of your most important assets
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Get Personal Guidance
CU Trust provides professional trust and asset management solutions to CU members and the public. Jim Welch, VP, Senior Trust officer, is located in Honor CU’s member center in St. Joseph, and available to discuss how the services offered by CU Trust may be a better solution for you and your family.
Services Offered
- Revocable, Irrevocable, Special Needs and Charitable Trusts
- Estate Planning, Agent for Fiduciary and Co-Trustee Services
- Personal Representation and Conservatorship
- Veteran’s Accounts, Custodial Services and Business Succession
- Asset Management
Meet Jim Welch
With more than 30 years of local experience in personal trust administration and probate & estate settlement, Jim is extremely knowledgeable about the trust business and the western Michigan region.
Contact Jim
Credit Union Trust does not guarantee investment results in its fiduciary accounts. Where non-deposit investment products are used, such investment products are not insured by the FDIC, are not deposits or other obligations of Credit Union Trust and are not guaranteed by Credit Union Trust, and are subject to investment risks, including possible loss of the principal invested.
Trustee & Estate Services
Whether you already have a trust or are in the process of creating one, it is important to select a trustee who will protect your interests and offer peace of mind. The professional trustees at CU Trust are accessible, reasonable, and personal—focused on following the terms of your trust and objectively and effectively administering your estate.
The help you need
- CU Trust professionally administers estate plans, directed by your estate documents, while you are alive, in cases of incapacity, and/or after you are gone.
- These services are especially valuable for those facing complex family situations, charitable considerations, and unexpected life changes, or simply want a professional, objective resource.
Why Choose A Professional Trustee?
Selecting a trustee is not as simple as you might imagine. Your trustee needs to be qualified, knowledgeable, and committed. Their actions will have a lasting impact.
The trust team is accessible and reasonable, focused on growing, protecting, and preserving your assets and offering you valuable peace of mind.
Resources & Frequently Asked Questions
Related Tools & Resources
Estate Planning 101
Will or Trust?
Types of Wills
Myths & Misconceptions
Transferring to your trust
Building Your Team
How to Fund a Trust
Credit Union Trust Academy
Finalize & Manage Documents
Sending Copies of Your Estate Plan
Frequently Asked Questions
Both organizations are focused on helping families secure their legacies.
Trust & Will is an online resource for creating and managing your estate documents. It’s a cost-effective way to create your will and/or trust without having to find your own attorney. Trust & Will is the leading online estate planning platform in the US.
CU Trust provides valuable trust products and services, directed by your estate documents. Depending on your needs, the CU Trust team can serve as a professional trustee or co-trustee, manage your assets and distributions, assist with bill paying and tax filing on behalf of your trust, and much more, while you are alive and/or after you pass away. CU Trust was formed by Honor Credit Union and other Michigan CUs to better support credit union members.
Wills and trusts have a lot of overlap, but also a lot of difference.
Wills are simpler documents that let you name guardians for kids and pets, designate where assets go, and specify final arrangements. The simplicity of a will does come with some drawbacks: a will offers more limited control over the distribution of assets and often has to go through a probate process after death.
Like a will, a trust also controls the disposition of assets but provides greater control over when and how your assets are distributed. Trusts only apply to assets held in the trust, so you will need to transfer assets to the trust. This makes a trust a little more complex to set up, but it brings major benefit. Trusts are also often used to minimize or avoid probate entirely, which can be a huge draw for many and justifies the additional work upfront needed to create a trust.
Both are ways to say who will receive your assets. Each just has a different way of distributing those assets, as well as different advantages and disadvantages.
With the Trust & Will online service, most people complete a will in 15 minutes and a trust in 20 minutes. All of your answers are saved as you go, so feel free to pause and come back to pick up where you left off at any time!
- When you complete your Estate Plan, you are given the option of uploading or printing your documents or having Trust & Will mail them directly to you.
- Once you have received your documents, they will need to be notarized.
- Once you have your documents notarized, you will need to take the necessary steps as far as moving your assets into the Trust or Will. We have video resources to help you depending on where you are at with your process.
- If you have questions you can connect with the Trust & Will support team by chat, email, or phone Monday – Friday 7 A.M.-5 P.M. and Saturday, 7 A.M. – 2 P.M. PT.
- Chat is available on the LMCUR Trust & Will Website
Email: support@trustandwill.com
Phone: 866.908.7878
- Store the documents in a safe place
- Notify loved ones of the location
- Review and update your documents every year
Having a discussion about your estate plan can be a great way to share your wishes and prevent conflict. Even if you’re hesitant to share details, you should consider letting your family, executors or successor trustees, and loved ones know that you have an estate plan and where the original signed document is located.
Selecting a trustee is not as simple as you might imagine. You need someone who is qualified, knowledgeable, and committed—their actions will have a lasting impact. Many individuals choose a family member, thinking that it’s an honor, but it can be a burden. Or you can select a trustee (like CU Trust) that has been professionally trained for this role.
To consider these options, you can find out more information by clicking here.
If you have questions you can connect with the Trust & Will support team by chat, email, or phone Monday – Friday 7 A.M. – 5 P.M. PT and Sat 7 A.M. – 2 P.M. PT.
Chat is available on the LMCUR Trust & Will website
Email: support@trustandwill.com
Phone: 866-908-7878
