Financial Planning

Too often the RCPFBF provides assistance to individuals who do not prepare to protect their family in the event of a tragic event leaving family members in dire circumstances that could have been minimized if properly planned. As firefighters your job comprises of continual training to prepare for various emergency incidents you respond to yet as firefighters that same pre-planning does not occur within our own families.

Unfortunately, this becomes very evident especially in Line of Duty Deaths.

Trusts and Estate Planning for Firefighters

• Revocable Trusts: These allow for more control over asset management and distribution during the lifetime of
  the trustor. They can also protect the privacy of the assets by bypassing probate. 

• Wills: A will outlines how your property will be distributed upon your passing and appoints a guardian for your
  minor children. It also names a personal representative (executor) to administer your estate. 

• Power of Attorney: Appoint someone to manage your affairs if you become unable to do so. 

• Directives: Specify your medical treatment preferences in critical situations. 

• Coordination with Pensions and Union Benefits: These require careful coordination with wills, trusts, and beneficiary designations. 

  Firefighters should consult with a financial planner or estate planning attorney to ensure their estate plan is
  tailored to their specific needs and to avoid common pitfalls. 

One option available to you

Helping You Protect Your Family Through Estate Planning Education.

Estate planning can be complex, but at Firefighters First Credit Union, we are here to help simplify the process for you. Our Trust Officers offer personalized assistance, expertly educating and guiding you to solutions tailored to your unique situation. In partnership with Members Trust Company¹, founded on the strength and values of America’s Credit Unions, we can help ensure your estate planning and financial needs are met with confidence and reliability.