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.
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.