A recent survey by the Nationwide Retirement Institute has unveiled a concerning surge in anxiety about the future among individuals in the final decades of their careers. Shockingly, 69% of respondents aged 55-65 now believe that retiring at 65 is
For many younger adults, the dream of homeownership is often overshadowed by the looming challenges of student loan debt. The burden of educational expenses can create a significant hurdle on the journey to owning a home. However, the good news
For economists and policymakers, waiting for inflation to subside is like waiting for Godot. But that time may finally have arrived, as the consumer price index rose less than expected in April while the less-volatile “core” consumer price index dropped
Estate planning often revolves around ensuring that your assets are distributed according to your wishes upon your passing. A crucial aspect of this planning involves the definitions used in legal documents such as wills and trusts, particularly the definition of
When selling a principal residence, understanding the tax implications is crucial. Fortunately, the IRS provides a significant exclusion that can provide relief, softening or even eliminating the tax impact of the sale. Homeowners can exclude up to $250,000 of the
Trusts, as powerful tools for estate planning, provide flexibility, asset protection, and tax benefits. As life’s circumstances evolve, the need to consider trust modification becomes more apparent. In this article, we delve into two pivotal aspects of trust modification: the
Recognizing the crucial role of data in contemporary society, the investment team at Legacy has adopted a graphical approach for rapid and efficient information conveyance. Utilizing charts and graphs, we can represent large data sets, illustrate trends and changes over
May is National Elder Law Month, a time to raise awareness and educate ourselves about the critical issues affecting our senior population. Elder financial abuse is one of these pressing concerns, especially in a world where financial transactions have become
Estate planning is essential to ensure your assets are distributed according to your wishes. However, like bread can become stale over time, your estate planning documents may also lose relevance and accuracy. At Legacy Private Trust Company, we emphasize the
Recognizing the crucial role of data in contemporary society, the investment team at Legacy has adopted a graphical approach for rapid and efficient information conveyance. Utilizing charts and graphs, we can represent large data sets, illustrate trends and changes over
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