Estate planning at Ascend FCU

Deposit accounts (checking, savings, money market, share certificates) can be retitled to a trust. Visit any of the 27 Ascend branch locations with your trust documents and government-issued photo ID for all trustees. A trust tax identification number (EIN) or SSN for revocable trusts is also required. IRA and retirement accounts cannot be retitled to a trust but a trust can be named as beneficiary. Investment accounts through LPL Financial are handled separately; contact Ascend Retirement & Investment Services at 931-454-2967.

Ascend offers share certificates with terms ranging from 3 to 60 months. Rates are guaranteed for the full term and normally established each Wednesday. A negotiated rate may be obtained for certificates of $100,000 or more. IRA certificates are also available in Traditional and Roth IRA types, combining guaranteed dividends with tax advantages. Members age 59-1/2 or older or who are disabled may perform a one-time per calendar year movement of an IRA certificate. An IRA Accumulation Variable Rate Certificate (12-month term) is also available.

Yes. Ascend offers an HSA for members enrolled in a high deductible health plan (HDHP). The HSA functions as a checking account with an HSA debit card and special checks for paying qualified medical expenses including deductibles, prescriptions, dental, vision, and lab expenses. There is no minimum balance to establish the account. Dividends are earned based on the balance. Unused funds roll over year to year with no use-it-or-lose-it rules. A beneficiary can be designated on the account.