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First Quarter Results: The Bull Marches On

Authored by: David R. Schedler, Vice President, Senior Investment Advisor As March sauntered out like a lamb, we marked the eight-year anniversary of a bull market that started in March 2009. For reference, the definition of a bull market is a sustained period of rising stock prices producing a gain of 20% or more that […]

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2017: A Good Year to Review Beneficiary Designations

Authored by: Brenton D. Teeling, Vice President of Client Services and Administration. In our business, one of the most important estate planning strategies is maintaining proper beneficiary designations. There are many variables to consider when naming beneficiaries: the type of account (trust, retirement, or insurance, to name just a few); goals regarding future distributions; and […]

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Designating Access and Control for Digital Property

In March 2016, Wisconsin enacted the Wisconsin Digital Property Act to help residents address the issue of transferring control of digital accounts to a beneficiary in the event that the account holder becomes incapacitated or dies. This law provides options for you to dictate in your will, power of attorney and trust documents whether or […]

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529 Plans: A Promise for a Bright Future

Authored by Lisa G. Kewley, Senior Trust Advisor. As the tuition due date for fall semester is nearing, consider the benefits of investing in 529 plans early and to the maximum amount possible. Significant Advantages Tax Treatment: Earnings grow federal and state income tax-deferred, and withdrawals are tax-free at both levels when used for qualified […]

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What Happens If I Can’t?

The rest of the question includes: manage my finances; make my own health care decisions; breathe on my own? If pondering the answers to these questions makes you uncomfortable, then keep reading. You probably haven’t taken the steps required to remain in control of your future if you become unable to communicate your wishes. Power […]

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Charitable Gifting from an IRA

Authored by Barbara A. Blashka, Tax and Financial Officer. Congress recently made permanent the option for a taxpayer over the age of 70 ½ to make distributions directly out of an Individual Retirement Account (IRA) to charities and exclude the amount from income. As with all tax breaks, technical rules exist, but the rule generally […]

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Social Security Claiming Strategies Are Changing

Authored by Rachel K. Wolf, Trust Tax & Financial Planning Officer. The Bipartisan Budget Act of 2015 (BBA) signed into legislation in November of 2015 included a number of changes that affected Social Security. The most controversial of the provisions, Section 831 of the BBA, pertained to the upcoming closing of the unintentional “loopholes” of certain claiming […]

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Doing Business—and Earning Trust—One Family at a Time

In a world where financial companies spend $4 million dollars to capture 30 seconds of attention during the Super Bowl, Legacy Private Trust knows that long lasting relationships develop from one encounter at a time. “Managing wealth, making intelligent investment decisions and doing full financial planning requires an in-depth analysis of an individual’s or family’s […]

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Legacy’s Investment Department Roundtable Discussion

As the second quarter of 2015 gets underway, Legacy’s investment team collectively discussed aspects of the securities market in review, as well as what they will be watching going forward. Q: For the first time in 15 years, the Nasdaq index reached a major milestone in March when it crossed the 5000 mark for the […]

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Financial Resolutions to Consider for 2015

Authored by Marta G. O’Brien, Trust and Financial Advisor.  As we welcome the hope of a refreshing New Year, we certainly have to be grateful for the warm tidings that 2014 left behind: The S&P 500 showed a 13.69% return (dividends included) which is the sixth year in a row that the index has shown a […]

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