IS YOUR ESTATE PLAN UP TO DATE?
Have you wondered about setting up a trust but avoided digging into the details? Do you have a detailed financial plan and are you happy with your current investment provider?
These questions are among everyday topics of conversation for the Bank of Texas Private Wealth team, which supports clients in navigating the ins and outs of everything from investments and trusts with real estate or mineral assets to a variety of specialty areas such as ranch lending.
“We bring a holistic approach to wealth management for our clients,” said Walker Hanson, personal trust officer with Bank of Texas Private Wealth in North Dallas. “Not only do our local advisors bring their experience and knowledge to the table, but they are also supported by dedicated specialty asset teams which allow us to creatively personalize our approach to the needs of each individual client. We also work directly with our clients’ attorneys and CPAs as part of the team to ensure that our clients experience a focused and collaborative strategy from each of the client’s legal and financial advisors.”
MANAGING ASSETS IN CURRENT ENVIRONMENT TAKES DISCIPLINE
Bank of Texas Private Wealth also has the backing of BOK Financial — a robust financial institution with nearly $100 billion in assets under management and administration — that is committed to maintaining a diversified portfolio with a disciplined approach to investments and cash management optimization.
“Our company is built for economic times like this,” said Dustin Lamb, Bank of Texas private wealth banker in North Dallas. “Having the right advisors in place is especially key to help navigate the higher-rate environment we are experiencing.”
Your advisory team needs to be aligned on your wealth plan and goals and understand your strategy regarding interest rates, especially with uncertainty on when rates will begin declining while the Fed holds steady.
“With rates elevated to levels we haven’t seen in many years — adding to your fixed income holdings along with extending the average maturity — are items for consideration," added Wes Barnes, Bank of Texas private wealth executive in North Dallas.
A SEASONED TEAM TO LEAN ON
Whether your personal goals involve planning for the sale of your business, purchasing a private jet or navigating a difficult probate situation due to a blended family, the team has experience. For example, many of the trust officers are licensed attorneys who understand the situational nuances to help families navigate trust and estate litigation.
“In many situations, naming a family member or close friend as the executor of an estate or as a trustee may not be the optimal strategic choice, whether due to inner-family discord or complexities of the trust or estate,” Hanson said. “Our trust officers have the experience and resources to efficiently administer estates and trusts according to the governing documents while maintaining neutrality as an unbiased third party.”
As clients wonder about the much-anticipated Fed rate cuts and the estate tax sunset approaching in 2025, they’re leaning on the experts to understand what they can do now to make the most of these changes.
“At Bank of Texas Private Wealth, you’re more than just a number,” said Lisa Clawson, private wealth market manager in North Dallas. “Clients rely on our team of trusted advisors to prepare and plan for these upcoming opportunities.”
The team at Bank of Texas Private Wealth looks forward to speak ing to you about tackling your goals and challenges. Learn more at BankofTexas.com/privatewealth.
Bank of Texas is a trademark of BOKF, NA. Member FDIC. Equal Housing Lender . © 2024 BOKF, NA. The content in this article is for informational and educational purposes only and does not constitute legal, tax or invest ment advice. Always consult with a qualified financial professional, accountant or lawyer for legal, tax and investment advice. Neither BOK Financial Corporation nor its affiliates offer legal advice.
