Estate Planning
Stepped-up Basis Rules Can Ease the Income Tax Bite of an Inheritance
Understanding the stepped-up basis rules is beneficial for family members who inherit your assets.
April 2, 2025
Understanding the stepped-up basis rules is beneficial for family members who inherit your assets.
If your estate planning goals include distributing your wealth while also encouraging specific behaviors or achievements among your heirs, using an incentive trust might be right for your plan. Unlike a traditional trust, which distributes assets according to a set
We are pleased to welcome two outstanding professionals to the Legacy Private Trust Company team! Brendan C. Detjen has joined us as a Senior Trust Operations Support Specialist. Brendan brings extensive experience in real estate and financial transactions, with a
As retirement nears, investors must shift from wealth accumulation to wealth preservation. Market volatility poses risks, making it essential to implement strategies that protect portfolios while maintaining long-term growth potential. The Impact of Market Volatility Market fluctuations are inevitable, but
Shaping the Future of Investing, Wealth Management, and Financial Planning The world of wealth management is undergoing a profound transformation as women increasingly take the reins of financial assets on a global scale. This shift is far more than a
The One Certainty This Year is — Uncertainty It would be wonderful to say that the economy started 2025 with a bang, setting the stage for another year of solid market performance. Unfortunately, that’s not the case, as activity-related key
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 taxes upfront but benefiting from tax-free growth and withdrawals in retirement. However, the timing of
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 must start taking Required Minimum Distributions (RMDs) from tax-deferred accounts such as 401(k)s and traditional
Legacy Private Trust Company, an independent trust and wealth management firm, has announced several employee promotions and appointments. These advancements reflect the hard work, dedication, and significant contributions these individuals have made to Legacy Private Trust Company. Michael Mahlik, President
The “Great Transfer of Wealth” is a term used to describe the massive shift of assets and financial resources expected to take place in the coming decades. As Baby Boomers, one of the wealthiest generations in history, age and pass
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