RBFCU Trust Services
Leave a legacy of love
It’s natural to worry about your family, your assets and the legacy you’ll leave. Fortunately, RBFCU Trust Services offers the insights and resources you need to manage your assets today — and transfer them tomorrow.
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Trust Administration Services
Since 2017, our team has proudly served RBFCU members and non-members seeking to manage and transfer assets through their trusts and estate plans.
Asset Management Solutions
For households with sizable assets, our senior staff members offer comprehensive, goal-based advice and guidance — including tax management and advanced insurance strategies.
Estate Settlement Support
When the time comes to settle your affairs, count on us to help. By planning now, you’ll relieve your beneficiaries of complicated, time-consuming tasks while also ensuring your wishes are followed.
Why we serve
Beyond our trust administration work, our staff serves RBFCU members and non-members in a variety of ways — with integrity, thoughtfulness and care.
“Through my work in estate settlement, my goal is to provide reliable, steady guidance and support during a sensitive time. Helping families navigate and honor their loved one’s final wishes is the most rewarding aspect of my job. Truly, it’s a pleasure to serve.”
Learn about trusts
Take a closer look at estate planning.
As part of our service to Texas families, RBFCU Trust Services is here to help people like you make more informed choices about your legacy.
In particular, we provide support for you as you tackle common estate planning goals. And we can help you learn more about trusts, including how they work and the available types. Below is a brief overview of those topics, but we also welcome your questions.
Common estate planning goals
Manage
your assets with more confidence while living.
Prepare
for asset management in the event of incapacity or death.
Transfer
assets more smoothly, privately and in keeping with your values.
Leave
a legacy to beneficiaries (e.g., family, charities).
How trusts work
Place
assets (e.g., money, real estate, heirloom items) into the trust.
Determine
who takes over the trust (“trustor” or professional “trust administrator”), should you become incapacitated.
Transfer
assets to designated heirs without the probate process upon passing.
Main types of trusts
Revocable living trusts
- Control assets while living
- Modify or revoke easily
- Plan for incapacity
Irrevocable trusts
- Cannot be modified, amended or terminated
- Move funds to a beneficiary
- Reduce value of estate for tax purposes
Special needs trusts
- Provide financial assistance for someone with special needs (including medical care)
- Help maintain eligibility for government programs
Testamentary trusts
- Contained in a last will and testament
- May be named as the beneficiary of a life insurance policy
- Distribute all or part of estate to beneficiaries
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I'm new to the idea of trusts and estate planning. How do I get started?
A no-cost, no-obligation initial consultation with the RBFCU Trust Services team can help you determine if a trust is a good option for your estate.
Also, our collection of RBFCU Trust Services articles is a great place to begin learning about trusts and estate planning. We recommend starting with the following:
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Do I have to be wealthy to have a trust?
No. Although we may be inclined to think of trusts as being something only used by affluent people, the reality is that people of more modest means may find them useful, too. It simply depends upon your goals, objectives and needs. A no-cost, no-obligation initial consultation with the RBFCU Trust Services team can help you determine if a trust is a good option for your estate.
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What are the differences between a will and a trust?
These two very important estate planning devices are quite different from each other but serve similar purposes.
A will goes into effect only after you pass away and will need to go through a probate court, which is a public process. A will may also be contested if someone believes the will is invalid or that they’ve been unfairly left out of the will.
A trust can be effective both during your lifetime and after your death. A trust can help avoid probate, preserving your privacy, and it may offer more control over how and when assets are distributed. A trust cannot be contested because someone thinks they were unfairly left out of it.
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Can RBFCU Trust Services serve as a trust administrator or executor?
Yes. Some individuals and families opt to name a fiduciary, such as RBFCU Trust Services, as their successor trustee or trust administrator, to lessen the burden on their loved ones. The duties of a trustee can be complex and time-consuming and can include filing taxes on behalf of the estate, selling property, notifying creditors, distributing assets, and much more.
When you name RBFCU Trust Services as your successor trustee, we provide continuity for your loved ones, and we have a legal obligation to be thorough while always maintaining your beneficiaries’ best interests.
A no-cost, no-obligation initial consultation can help you determine if a trust administrator will be a good fit for you.
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How do I put my RBFCU accounts into the name of my newly created trust?
Once your trust has been created, you can reach out to the RBFCU Member Service Center and request an appointment with our Account Support team. They will walk you through the steps necessary to retitle your accounts into the name of your trust.
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I have a trust account with RBFCU, but I need to make some updates to my trust and/or will documents. Can RBFCU Trust Services assist me with that?
While RBFCU Trust Services does not have the ability to create or update trust and will documents, we have a network of attorneys that we would be happy to refer you to.
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This page was last updated in November 2024.
RBFCU Trust Services is a division of RBFCU Investments Group LLC. RBFCU Investments Group LLC is a wholly-owned subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU). Trust services available through Members Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency.
Trust and Investment products are not federally insured, are not obligations of or guaranteed by the credit union or any affiliated entity and involve investment risks, including the possible loss of principal.
This is for informational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant.
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