Why is Broadway so often selected as a Trustee or Guardian? We have the experience and knowledge to make sound decisions concerning the management and administration of many types of estate and trust structures. And as your bank, we have every reason to perform our duties at the highest possible level of integrity and personalized service. This in turn yields a number of distinct advantages.
With greatest care and precision, we always act in the best interest of the beneficiaries, following the objectives set within the trust agreement.
We provide necessary technical knowledge, tax planning expertise and continuity of service throughout the term of each trust.
When named as trustee, we become responsible for evaluating and prioritizing the needs of the beneficiaries and investing the trust’s assets accordingly.
Using clearly defined goals and a disciplined approach, our experienced portfolio managers make certain that the trust’s asset allocation is balanced in a way that provides current income while ensuring enough principal growth to satisfy future beneficiaries’ needs.
Tax Planning Expertise.
We manage the tax consequences of distributions and file income tax returns on behalf of the trust.
Family interests sometimes present conflict. We are often called upon to weigh one beneficiary’s needs and desires against another’s. We spend time getting to know your family’s needs, remain objective and impartial when making decisions, and work through the issues to minimize or eliminate disagreements.
Court-ordered guardianships protect the estates of those who are unable to handle their own financial responsibilities, typically children or disabled adults.
When we are named financial guardian, we become responsible for managing all assets within the estate. This requires the highest degree of integrity and skill.
After all, our role is to ensure that the financial needs of our clients are met until they reach legal age or, in the case of special children and disabled adults, for the rest of their lives.
Fiduciary duties include:
- Securing trust property
- Keeping assets invested
- Following Trust Agreement
- Filing tax returns, paying bills & taxes
- Determining cash flow requirements and living expenses
- Establishing monthly budgets
- Coordinating medical insurance filings
- Distributing income to or for beneficiaries
- Maintaining records
- Promoting family harmony
NOT FDIC INSURED • NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT BANK GUARANTEED • MAY LOSE VALUE