Feeling charitable: Be Sure You Can Substantiate Your Gifts
To be eligible to claim valuable charitable deductions, you must substantiate your gifts with specific documentation. Here’s a breakdown of the rules.
December 2, 2025
To be eligible to claim valuable charitable deductions, you must substantiate your gifts with specific documentation. Here’s a breakdown of the rules.
The One Big Beautiful Bill Act permanently makes advantageous changes to the federal gift and estate tax exemption amount. Here’s the story.
The Tax Cuts and Jobs Act (TCJA) effectively doubled the unified federal gift and estate tax exemption — and annual inflation adjustments have boosted it
To share wealth with grandchildren, great-grandchildren or other remote generations, special planning may be required to keep generation-skipping transfer (GST) taxes to a minimum.
Understanding the stepped-up basis rules is beneficial for family members who inherit your assets.
When planning for retirement, Roth conversions can offer a powerful strategy for long-term tax savings. Converting a traditional IRA to a Roth IRA means paying
Tips to minimize tax burdens in order to maximize your retirement wealth Once retirees reach age 73 (as per the latest SECURE Act changes), they
While many are accustomed to expecting all their tax documents by the end of January, it’s crucial to understand that the deadlines for issuing different tax forms can vary.
Relocation is more than a change of address; it is an opportunity to redefine priorities, enhance quality of life, and implement strategic financial decisions. As
With the arrival of the 2025 tax year, staying informed about changes to the tax landscape is essential. At Legacy Private Trust Company, we aim
©2024 Legacy Private Trust Company. All Rights Reserved.