Estate Planning

An estate plan is comprised of important documents that help protect you and your family. A comprehensive plan will distribute your assets how you want, when you want, and to whom you want. A sample set of documents include:

  »   Revocable Living Trust
  »   Will
  »   Power of Attorney for Financial Matters
  »   Advance Health Care Directive
  »   HIPAA Authorization
  »   View Glossary

With an estate plan, you are being proactive by not allowing unforeseen circumstances to further disrupt the lives of those you care most about. Without having an estate plan in place, your state of residence will make these important decisions for you without taking into consideration your personal intentions.

There are different types of estate plans that can be prepared based on your family's needs. One such plan is with a Revocable Living Trust, which has several advantages such as:

Protecting a beneficiary who may lack the necessary skills or judgment to manage an inheritance.

Establishing control and ensuring that your assets are properly distributed to your named beneficiaries with competent and professional management.

Being amendable and revocable, so that as life changes, so does your Trust.

Including incapacity provisions to protect you and your family.

Helping to avoid Probate, which is the costly, public and court-supervised procedure for distributing your assets.

For personal assistance, please contact Lilith Mansuryan, your Trust Officer, by phone (323) 550-4970 or by email. You can also schedule an appointment online by clicking here.

*Trust services are provided by Members Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency, Trust and investment products are not deposits of or guaranteed by the trust company, a credit union or credit union affiliate, are not insured or guaranteed by the NCUA, FDIC, or any other governmental agency, and are subject to investment risks, including possible loss of the principal amount invested.

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