Retirement planning can often feel overwhelming, especially when faced with the complexity of financial documents and IRS regulations. As you approach retirement, understanding your 401(k) distribution options is crucial for ensuring a secure financial future. In this article, we aim
Inquiries about the potential tax benefits of placing investments into a living trust are common in the trust and wealth management field. It is essential to clarify that while living trusts offer numerous advantages, income tax savings are not among
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
The Tax Cuts and Jobs Act of 2017 brought significant changes to the tax landscape, sparking concerns about its impact on charitable giving. Key changes included nearly doubling the standard deduction, which reduced the number of taxpayers itemizing deductions and,
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
It’s a long way to Christmas, but with a nod to that beloved holiday ballad, it’s beginning to look like a soft landing. Bing Crosby is no longer with us, but Federal Reserve Chair Jerome Powell may soon be singing
Incorporating a program of lifetime gifts into your estate plan can offer significant advantages for you and your beneficiaries. Lifetime gifts, which are financial gifts or transfers of property made during an individual’s lifetime as opposed to bequests made through
As we approach retirement, deciding to remain in our long-time homes or transition to a continuing care community becomes a pivotal consideration. This choice shapes our lifestyle and influences daily interactions and independence. At Legacy Private Trust Company, we understand
For investors keen on supporting charitable causes while optimizing tax benefits, donating stock instead of cash offers a powerful strategy. By contributing appreciated securities to a qualified charity, you can deduct the full fair market value of the donated stock
When envisioning a prosperous retirement, investors traditionally emphasize building diversified portfolios consisting of stocks, bonds, and mutual funds. However, a substantial asset class is often overlooked: real estate, particularly the home you own and live in. With real estate markets
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