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:
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 linked above and help determine your needs for planning after your gone.
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 assets after you are gone. It is often the first step in the preparation of a property drafted Will.
A formal process during which the authorized estate representatives identifies assets, 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 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 beneficiaries 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.
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.
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.
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.
Our mutual fund solutions help you combine the benefits of diversification and professional management with affordability for your portfolio.