Explore how you can optimize your Investment Management Account (IMA) by setting objectives and navigating risk.
Trust Resources & Articles
Take important steps to secure your family's financial future and peace of mind.
Before meeting with a trust and estates attorney to finalize your plan, take some time to view and read through these resources that explain your options.
Principles of Business Succession Planning
Business succession planning ensures a smooth transition of ownership, management, and assets to the next generation or designated beneficiary.
Taxable and Non-Taxble Opportunities
Investing in Exchange Traded Funds (ETFs) is an increasingly popular strategy. Their inherent tax efficiency can lead to significant savings in your investment portfolio.
The State of Indiana decides how your estate will be distributed if you don't provide a clearly defined procedure through a will or trust. These are Indiana's inheritance procedures based on your marital status, and whether you have surviving children parent, or siblings.
| FOR A MARRIED PERSON | DISTRIBUTION OF ESTATE |
|---|---|
| ...with one or more living child and/or issue of deceased child (e.g., wife dies and is survived by husband and child of deceased son) OR |
|
| ....with no surviving issue (e.g., child) but with living parents OR |
|
| ...with no surviving issue or parents OR |
|
| ...with a second or subsequent spouse, and with surviving child/ children of deceased child/children (e.g., husband dies and is survived by second wife and child from first marriage) OR |
|
| ...with none of the above |
|
| FOR AN UNMARRIED PERSON | DISTRIBUTION OF ESTATE |
|---|---|
| ...with child/children or issue of deceased child/children OR |
|
| ...without surviving children |
|
| ...and with no parents or siblings |
|
| ...and with no nieces or nephews |
|
| ...and with no grandparents OR |
|
| ...with none of the above |
|
The term “issue” simply means someone descended from someone else, such as a daughter or granddaughter. The term “personal property” in these diagrams refers to those items that have immeasurable or intrinsic value, such as an old piano or a collection of personal journals. Bank accounts, pensions, real estate, life insurance, and other financially measurable assets are included in the overall definition of the “estate.” Printer-friendly version. This information is not designed, meant, nor does it constitute the rendering of legal or tax advice. You should consult with your attorney and/or tax advisor before implementing any strategy discussed here. Trust services provided by MEMBERS Trust Company are not federally insured, are not obligations of or guaranteed by the credit union or any affiliated entity, involve investment risks, including the possible loss of principle. MEMBERS Trust Company is a federal thrift regulated by the Office of the Comptroller or the Currency.
Savings Options
Start putting aside money for a fun vacation, a holiday celebration or anything else that grabs your imagination.
