The Bank of San Antonio Hosts Private Aircraft Viewing Event With Merlin1
By Eleanora Morrison | Photography by Vincent Gonzalez
THE SETTING: The Bank of San Antonio recently hosted an event with Merlin1, one of San Antonio’s premier private jet charter companies, to introduce private banking clients to alternative transportation options that exist for both business and personal travel. Now a member of Texas Partners Bank, The Bank of San Antonio offers private banking clients access to VIP event series that connect them to resources to support lifestyle goals.
THE STYLE: Texas Partners Bank CEO Brent Given and Merlin1 Founder Jim Foody both addressed their guests, celebrating the joyous occasion of convening in person for the first time since the pandemic, thanks to vaccines and the socially distanced setting of a partially open-air hangar. Guests viewed Citation III and Learjet 35 jet models and reunited to the sounds of Nina and the Texas Gypsies as they sampled bites and sipped beverages catered by Page Barteau.
THE PURPOSE:After an expansive 2020 merger, The Bank of San Antonio is now a member of Texas Partners Bank, and part of a greater network of Central Texas banks that includes The Bank of Austin and Texas Hill Country Bank. This recent growth has increased the bank’s commercial lending capacity to enable the fastest financing for big plans and has provided the integrated resources for business growth. Eager to help Central Texas businesses continue to grow and thrive, Texas Partners Bank is now a one-stop-shop to customize comprehensive financial and insurance solutions for Central Texas businesses.
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Broadway Bank Wealth Management can help your family focus on healing
By Julie Hardaway, SVP, Director of Wealth Services at Broadway Bank
My grandmother was one of 12 siblings. Her family had one heirloom, a clock. The clock was passed around the family without conflict over many years, but sadly, this is not always the norm. Estate planning helps ensure that your exact wishes are fulfilled. It also gives clear direction on personal property to mitigate unnecessary conflict among loved ones.
While personal property may not have much inherent value, it may be priceless due to sentimental value. Most people do not think their family members or beneficiaries will battle over the division of personal property, and so they often fail to properly address the matter. So, what can you do to ease this process and ensure your wishes are fulfilled? Here are seven key questions to get you thinking about this issue.
1. Have you reviewed your estate plan and the provisions that specifically address personal property? Wills and trusts often define what “personal property” is, and that definition may need to be modified for your situation.
2. Does your estate plan contain a statement that you may leave a handwritten memorandum designating certain individuals to receive specified personal property? Have you written such a memorandum? I have administered estates and trusts for many years and have seen very few personal property memorandums. If you know of items that you would like to leave to certain people, you should write a memorandum to the executor of your estate. It should be wholly in your handwriting and signed by you. You could even discuss with your family members what items they would like to have. Such a discussion would give you the opportunity to settle any conflicts should more than one family member want the same item.
3. Does your estate plan address whether your estate will pay the cost of shipping items to beneficiaries? Shipping costs can be an unpleasant surprise, especially for furniture items. Think about where your family members live and any inequality that shipping costs may create, and whether the extra expense of shipping should be deducted from their share of financial assets or paid by them.
4. How will conflicts between family members or beneficiaries be settled? You may decide that your executor or trustee has the final decision-making authority in conflicts or that certain items be can be sold and the proceeds split. No matter what you decide, your estate plan should address these situations.
5. In the event that one family member wants more items than others, do you want personal property valued and distributions to be equalized with cash? Determine if items should be sold in an estate sale, auction or donated to charity.
6. Are you currently married and have children from a prior marriage? You should pay special attention to provisions in your estate plan that relate to personal property. If personal property provisions are left unaddressed, it is very possible that your surviving spouse may end up with your children’s heirlooms. This might cause a rift between your children and your surviving spouse. You should not assume that those items will make their way back to your children at your death or upon the death of your surviving spouse.
7. Have you spoken to your family or potential beneficiaries about your estate plan? If appropriate, you should talk with your family members or beneficiaries about the issue of personal property and your estate plan. The best estate plans are the ones that do not contain surprises. Make decisions now to ensure that the distribution of personal property is as painless as you wish it to be.
Carrying out a loved one’s wishes can be a complex and challenging process for families while they grieve. Planning ahead can help your family focus on healing and celebrating a life. Each estate is unique and some have assets that require special oversight like rural land, mineral rights or personal collections. At Broadway Bank Wealth Management, our team of highly knowledgeable and experienced advisors can act as executor, trustee or agent for your estate. We provide guidance and recommendations to ensure the administration of your estate is efficient and effective.
For 80 years, Broadway Bank has been an integral part of South Central Texas, evolving into one of the largest independently owned banks in Texas with more than $4.6 billion in assets and $2.6 billion in Wealth Management assets. Broadway Bank offers a full range of financial services including personal, private, business, mortgage banking and wealth management. Broadway Bank is committed to enhancing the banking experience through leading edge technology. With financial centers across San Antonio, Austin and the Hill Country, Broadway Bank delivers modern banking, locally sourced and personally delivered.
Julie Hardaway
ABOUT THE AUTHOR: Julie Hardaway is the SVP, Director of Wealth Services for Broadway Bank Wealth Management. She provides guidance to Broadway clients regarding estate planning, and trust and estate administration. In addition, she leads the specialty services groups of Estate Settlement, Real Estate and Oil & Gas. Prior to joining Broadway in 2005, she served as the Staff Attorney for Bexar County Probate Court No. 1. She is a graduate of Southwestern University in Georgetown, Texas, with a Bachelor of Arts degree in International Studies. She earned a Doctor of Jurisprudence from Texas Tech University School of Law in Lubbock, Texas, and was licensed to practice law in Texas in 1996. Julie was elected to the Fellows of the Texas Bar Foundation in 2019. If you would like to learn more about our Wealth Management services, contact Julie Hardaway at jhardaway@broadway.bank or visit https://broadway.bank/wealth.
Broadway Bank Wealth Management Understands The Value In Owning A Piece Of Texas
By: The Broadway Bank Wealth Management Team
Rural land is important to Texans, while many of us enjoy the great outdoors to “get away”, there are also financial benefits and considerations for owning a piece of this great state. As you consider how you want to build your legacy, rural land can play a unique role in your overall wealth portfolio. Broadway Bank Wealth Management has a long history of providing oversight for farms and ranches in Texas. Our team has the experience and expertise to do the heavy lifting to help you maintain, improve, and grow this unique asset. In 2019, The Real Estate Center at Texas A&M University reported that almost 6,000 rural land transactions occurred with a hefty 5.4% year-over-year price increase. While most of these properties were purchased for recreational use—owners should explore their options for gaining additional revenue from this natural asset.
Regarding assets, the lease rates for hunting property continue to increase with rent eclipsing the $15-per-acre mark that had become common. In 2018, the U.S. Fish and Wildlife Service reported that hunting-related expenditures in Texas totaled $1.8 billion. Of this amount, $837 million accounted for food, lodging, transportation, and other expenses. Those seeking to participate in this sport through excursions will spend anywhere from $500 to $20,000 for a single hunt. The total economic impact of this recreational sport makes it a viable option for landowners looking to gain revenue from their rural land. Texas has some of the nation’s best outdoor recreation opportunities. Each year, those seeking to create memories and enjoy some time in nature, flock to our great state. As you work to build your legacy, consider the value of landownership, it could be a revenue generating asset now and for future generations.
For 80 years, Broadway Bank has been an integral part of South Central Texas, evolving into one of the largest independently owned banks in Texas with more than $4.6 billion in assets and $2.6 billion in Wealth Management assets, Broadway Bank offers a full range of financial services, including personal, private, business and mortgage banking, and wealth management, and is committed to enhancing the banking experience through leading edge technology. With financial centers across San Antonio, Austin and the Hill Country, Broadway Bank delivers modern banking, locally sourced and personally delivered.
ABOUT BROADWAY BANK’s FARM AND RANCH MANAGEMENT TEAM: Our Farm and Ranch Management Team is led by Kyle Gubernator who has more than 32 years of experience in the Real Estate Industry, and 22 years managing Fiduciary held Real Estate and Farm and Ranch assets. Prior to joining Broadway Bank in 2014 Kyle served as a Vice President and Regional Manager representing the management of a fiduciary real estate portfolio for a global bank.He currently serves on the Texas Bankers Association’s Asset Management Task Force who develops and organizes educational events for trust and estate professionals. If you are interested in learning more about our Farm and Ranch Management team or are considering the purchase of land as part of your overall wealth portfolio, contact Kyle Gubernator at kgubernator@broadway.bank or visit Broadway.Bank/Wealth.
INVESTMENT PRODUCTS ARE: NOT FDIC INSURED • NOT A DEPOSIT • NOT INSURED BY A FEDERAL GOVERNMENT AGENCY • NOT GUARANTEED BY THE BANK • MAY LOSE VALUE
Portrait photography by Wendy Bowman Butler | Dress and blouse by Angelina Mata
Stacy Schlagel’s new collection of poetry, Personification of Entelechy, has just been released to positive critical acclaim. The San Antonio-based author is putting a new face on what it takes to be a modern creative entrepreneur.
Stacy Schlagel is a gifted author, philanthropist, mother, and homemaker with a background in teaching and law. Her book, Personification of Entelechy, a collection of poems, is a lifetime goal achievement. She is also a songwriter and music producer, plus she’s the owner and operator of Regal Recordings. Schlagel enjoys pursuing her passions, which include writing, music, science, interior design, cooking, and travel.
She is married to David Allen Schlagel, who owns and operates the Natural Resource Consortium. They have one young son, Zachary, who is precocious, strong-willed, empathetic, and kind. Schlagel has two adoring and supportive parents: her mom is a retired trigonometry and calculus educator, and her dad is a retired missile command officer in the United States Air Force. Stacy has an older sister who is a kindergarten educator and a younger brother who is a physician.
The Schlagel family strongly believes in giving back to their community and living a God-filled life full of learning, new experiences, and adventure. Stacy says, I thoroughly enjoy writing about love. It’s absolutely the strongest force that there is, and if I can inspire people with my writing, well that is unbelievable.
To listen to songs from Stacy’s Regal Recordings, click below:
Your Face
Lyrics by Stacy Schlagel | Produced by Stacy Schlagel and Tim Ferry | Vocals by Emma Ferry
Oh, Jesus
Lyrics by Stacy Schlagel | Produced by Stacy Schlagel and Kimberly Morrell | Vocals by Kim Morrell
From Personification of Entelechy
Pretty Face So they think I’m merely a pretty face A stereotype I can’t seem to escape As I scream from within WAIT, I have so many talents While I stay modest And inwardly focused Those that love me the most See my soul They judge me not Knowing I will quickly pop off What the world needs to discover Please don’t judge a book by its cover
Click image to purchase
Moonlight Lovers You see me beneath the trees On a golden dewy autumn night Lovers quarrel and they fight Sadness brings her to her knees He is also melancholy As both lovers deem to please She sighs He walks out of sight Both hearts began to break Both tremor and violently shake Making their way back to the moonlight They hold an intoxicating embrace She missed his beautiful face He took her hand, as they began LIFE Together, forever Under the golden moonlight
