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CU System
SECU piloting estate-planning program
RALEIGH, N.C. (1/25/11)--State Employees’ CU (SECU) in Raleigh, N.C., announced it is offering an Estate Planning Essentials Pilot Program to its member-volunteers. SECU has implemented the program to fill the need for basic estate planning and will preparation. Knowing that many individuals do not have a will, SECU said it hopes the program will encourage members to take an important step. Available in SECU branch locations statewide, the pilot program provides estate planning documents, prepared by participating attorneys, to its nearly 3,000 volunteers serving on local branch advisory boards or SECU’s board of directors. The $21.04 billion-asset credit union said it is piloting the program to volunteers to test the service, because they provide a resource to critique the benefits of all new member offerings. Upon successful completion of the pilot, the program will be made available to all SECU members. The credit union has identified a slate of attorneys who have agreed to prepare estate planning documents at a predetermined price. Each estate planning package will include a will with possible trust provisions, a durable power of attorney, a healthcare power of attorney and living will, and a Health Insurance Portability and Accountability Act authorization. For wills that include trust provisions, SECU Trust Services through MEMBERS Trust Company can be named as the corporate trustee by the member to manage the trust assets and oversee the distributions on behalf of the beneficiaries. “The Estate Planning Essentials Program is intended to cover the estate planning needs of most members whose situation can be addressed in one appointment with an attorney,” said Sara Trexler, senior vice president of SECU’s Trust Services department. “If a situation requires more complex planning, a SECU Trust representative can also make recommendations regarding a specific need. “The credit union’s goal with this program is to assist members in preparing for the future needs of their family and to ensure that their intended plans are defined and documented appropriately,” she added. “Estate planning documents are critical to a solid financial plan.”


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