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
For families managing significant wealth, safeguarding assets for future generations while minimizing tax liabilities is paramount. A powerful tool to achieve this is the Generation-Skipping Trust (GST), which allows families to pass wealth to grandchildren or younger beneficiaries, bypassing intermediate
For families focused on protecting their financial legacy and passing down wealth with careful planning, irrevocable trusts offer a powerful solution. These specialized trust structures help reduce estate taxes while ensuring long-term stability and control, making them essential to effective
Crafting a thoughtful estate plan involves more than simply deciding how your assets will be distributed. A well-considered plan can help ensure your wishes are honored, reduce potential tax burdens, and even allow you to support the charitable causes you
Every firm should prepare for the unexpected, including the sudden loss of a partner or key person. The unforeseen death or disability of a crucial team member can significantly disrupt your operations. Beyond losing a valued individual, your firm also
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