As individuals begin taking Required Minimum Distributions from their retirement accounts, many seek ways to use their financial resources efficiently while giving back to causes they care about. Qualified Charitable Distributions allow one to meet Required Minimum Distribution requirements while
For many families, philanthropy is a way to make a lasting impact on society and a powerful estate planning tool that can protect and preserve wealth. While charitable giving is often viewed through the lens of generosity, it can also
Philanthropy plays an essential role in many families’ estate strategies, offering a thoughtful way to make a lasting charitable impact while preserving financial security for the family. One of the most effective tools for integrating philanthropy with wealth management is
Incorporating philanthropy into estate planning is a powerful way for families to preserve their legacy while reinforcing core family values. Engaging heirs in charitable endeavors allows families to make a meaningful impact on society and cultivate responsibility and unity within
For millions of Americans, charitable giving is a deeply personal way to support their communities and the causes they care about. Whether donating to local religious, educational, social, or cultural organizations, giving back offers a sense of fulfillment. When integrated
Life is full of transitions, from exciting new beginnings to unexpected challenges. Whether you’re adjusting to relocating to a new state, celebrating the arrival of new family members, or a spousal separation, these changes often bring about financial considerations that
For families with significant wealth, safeguarding assets is about more than just growing them—it’s about ensuring they are protected from the unexpected. Whether it’s a lawsuit, creditor claim, or divorce, there are various risks that can threaten the financial future
Many business owners focus so intently on their companies’ daily demands that they delay planning for the eventual transition of leadership. However, without a well-structured succession plan, an unexpected event—such as illness, disability, or death—can leave both your business and
Spousal Lifetime Access Trusts: A Sophisticated Tool for Wealth Protection and Estate Planning
The 2024 election is just around the corner, and with it comes a range of policy proposals that could significantly impact the markets. At Legacy Private Trust Company, we’re closely monitoring these developments to help you stay informed. Below, we
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