Estate Planning

Estate planning involves every aspect of your financial life. Our wealth advisors will team with your other advisors to assess your probate and non-probate assets, review your beneficiary designations, estimate your exposure to estate and inheritance taxes, and outline estate planning vehicles appropriate to your unique life circumstances.

Minimizing Your Tax Exposure.

Our wealth management professionals specialize in lifetime planning to help you reduce transfer taxes. You may want to consider gifting strategies or implementing appropriate legal structures, such as trusts and family limited partnerships, to hold and manage your family’s wealth.

Establishing a Trust.

Is a trust right for you? Many of our clients choose trust arrangements because of the unique advantages they offer. We will help you determine which of the many types of trusts would be most beneficial to your situation.

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Creating Peace of Mind with Living Trusts.

Lifetime Gifting.

Funding Your Trust.

For the trust to afford any benefit to your family, proper funding must be accomplished by re-titling assets in the trust’s name. Funding sources differ depending on the type of trust established. Some typical funding sources include annuities, securities, life insurance, limited partnerships, modified endowments, and real estate.

Managing Your Trust.

When you designate Broadway as trustee or agent, our wealth advisors, portfolio managers and other advisors work together to supervise your trust’s assets - including specialty assets such as real estate, farms and oil, gas or mineral properties.

Important

Make sure both husband and wife participate in the estate planning process.

Be sure to “synchronize” all documents associated with your estate plan.

Review your estate plan—including your will and all beneficiary designations—at least every three years and after each significant life event or change in financial status, including marriage, divorce, the birth of children or grandchildren, selling a business or retirement.