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NLCU has partnered with Concentra Financial to provide our owners with a new service - Estate Planning and Trust Services.

The need for Personal Trust Services is more evident today than at any other time. Many of our members will require these services to effectively carry out personal and estate planning goals.

NLCU in partnership with Concentra Trust are working together to ensure that our members' trust needs are met. The personal trust products and services available include:

Estate Plan Needs Assessment Questionnaire

You work hard over your lifetime and you want to make sure your possessions and finances are looked after. Please take a few moments to fill out the questionnaire liked above and help determine your needs for planning after your gone.

Estate Planning

This is the process during which you review your current situation and identify alternatives available to establish and accomplish personal financial goals. Estate Planning assists you in making informed decisions about the ownership and distribution of your assests after you are gone. It is often the first step in the preparation of a property drafted Will.

Estate Administration

A formal process during which the authorized estate representatives identifies assests, settles debts, pay taxes and lastly, distributes the balance of the estate in accordance with the terms of the Will or the laws of intestacy

Trusts

Trusts are a valuable estate, income tax and financial planning tool established through formal, legal agreements. You establish the trust through your Will or during your lifetime, that names the benficiaries who are entitled to receive the benefits from the trust and transfers legal ownership and control of the property to the trustee. The trustee administers the assets according to the terms of the trust.

Personal Adminstration Accounts

A Personal Administration Account is a product that allows you to appoint a professional agent to direct some or all of your financial affairs. You retain legal ownership and control of the assets and can have as much, or as little, involvement as desired. A formal agreement with Concentra Trust contains the details of the arrangement and which functions are delegated.

What is a Professional Trustee?

Stability, trustworthiness and expertise are all hallmarks of a professional trustee.  For over a half century, Concentra Trust has fulfilled the trust needs of individuals and organizations and as a result has extensive knowledge of trust services.

Executor EASE

Have you been named executor to someone's estate? Being an executor can be a tough job and many who accept an executor appointment don’t fully understand the duties, responsibilities and personal liabilities that come with it. Available through NLCU's partnership with Concentra, Executor EASE is a program designed to assist executors in fulfilling their role in administering an estate. Your credit union can arrange a no cost 30-minute consultation for members or non-members currently serving as executors with one of our estate administration experts. Concentra can act as an agent to complete any or all of the administrative tasks associated with settling an estate.

 

Meet your local planning expert

At NLCU, you’ll have a local expert on your side. Not incentivized to sell, your personal planner will only ever offer you genuine guidance in your best interest.

Don Halleran, PFP, FICB

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
341 Freshwater Road
St. John’s NL A1C 1B7
(709) 758-8253
(709) 693-4110
dhalleran@nlcu.com

Tina Skinner, PFP

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
38 Main Street
Corner Brook NL A2H 1C3
 (709) 634-5341
 (709) 632-0363
tskinner@nlcu.com

Greg Murray, CFP

Wealth Management Insurance Advisor
Finacial Planner, Credential Asset Management Inc.
51 Commonwealth Avenue
Mount Pearl NL A1N 1W7
 (709) 747-9415
 (709) 690-4990
gmurray@nlcu.com

Peter Bishop

Wealth Management Insurance Advisor
Wealth Management Advisor, Credential Asset Management Inc.
1 Pinsent Drive
Grand Falls-Windsor NL A2A 2S8
 (709) 489-9051
 (709) 486-4958

pbishop@nlcu.com

Donna McGrath

Wealth Management Advisor
341 Freshwater Road
St. John’s NL A1C 1B7
 (709) 754-2312
dmcgrath@nlcu.com

Suellen Fudge

Wealth Management Advisor
6 Roe Avenue
Gander NL A1V 1W5
 (709) 256-3537
sfudge@nlcu.com

 
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