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Introduction to Digital Estate Planning

In a world where financial security and peace of mind are paramount, PremierOne Credit Union is stepping up with an innovative solution designed for its members. The introduction of their new digital estate planning tool promises to streamline the often daunting task of securing your financial legacy.

This state-of-the-art platform, created in collaboration with TruStage™ and One Digital Trust (ODT), equips members with the capabilities they need to create a solid estate plan without the burden of complexity or excessive costs. This new service is crucial as it aims to break down barriers that often prevent individuals from establishing an estate plan.

What Is Estate Planning?

At its core, estate planning involves preparing for the management and distribution of an individual's assets in the event of incapacity or death. Contrary to popular belief, estate planning is not solely the domain of the wealthy. Everyone benefits from having a thoughtful plan in place to safeguard their wishes and protect their loved ones.

Without an appropriate estate plan, one’s assets will be subjected to state laws, which may not reflect personal desires or intentions. This can lead to outcomes that might complicate or even harm familial relationships at an already difficult time. Therefore, having an effective estate plan in place is vital, ensuring clarity and lessening stress for family members.

PremierOne’s Commitment to Financial Empowerment

Richard Tresler, the VP of Member Experience at PremierOne, shared insights into the company's vision. He emphasized that the primary goal is to empower members by providing them with tools that facilitate significant financial decisions efficiently. This digital estate planning tool seeks to simplify the process, urging members to take initiative in securing their financial future.

The user-friendly platform offers various services essential for estate planning, including:

• - Last Will and Testament: A document outlining how your assets should be managed and distributed.
• - Power of Attorney: A legal authorization allowing another individual to act on your behalf regarding financial and legal matters.
• - Living Will: A form that answers critical health care decisions when one cannot express their wishes.
• - Pet Trust and Guardianship Instructions: Provisions that ensure your pets are cared for according to your wishes.
• - Final Instructions and Property Distribution Plans: Clear plans detailing your final wishes, including property distribution.

The Importance of Accessible Estate Planning

Having accessible estate planning tools is vital in today's fast-paced world. PremierOne’s digital offering not only provides legally valid documents but also ensures they are easily understandable and flexible to suit individual needs. This level of accessibility is crucial, as it encourages members to confront what can often be a sensitive topic without the intimidation associated with traditional legal services.

Moreover, the platform is designed to provide guidance, fostering peace of mind for users knowing they have plans that hold up legally and reflect their wishes.

Conclusion

With over $620 million in assets, PremierOne Credit Union operates with the belief that everyone deserves to have a secure financial future. By simplifying the estate planning process, they are effectively expanding access to these crucial financial tools. As part of their mission, PremierOne is dedicated to creating meaningful relationships with their members, facilitating better financial lives through personalized services.

These efforts illustrate the commitment of PremierOne in not just serving their members financially but in supporting them in making significant life decisions with confidence. In a community that spans several counties, including Santa Clara and Santa Cruz, the importance of accessible financial solutions like this digital estate planning tool can't be understated. By choosing this innovative service, members can ensure their wishes are honored and provide for their loved ones during challenging times.

For more information about this game-changing digital estate planning tool, visit PremierOne Credit Union's website today.