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posted on Wednesday, September 21, 2016
Did you know there is a new tax deduction for home owners that pay mortgage insurance?
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posted on Monday, September 19, 2016
Estate planning can become complicated after remarriage. With remarriage often comes a blended family consisting of children from prior relationships along with children from the new marriage. The goal is often to provide for everyone, but accomplishing this requires sound estate planning that is tailored to your individual needs and objectives.
As long as banks will lend, builders will build. But builders face ongoing challenges and must manage risk, even in this environment where construction starts are near all-time highs.
posted by James Thielen on Wednesday, January 06, 2016
From its inception in 2005 through the end of the fiscal year in 2014, the LSB Foundation contributed a total of $2,314,187.00 to various organizations, individuals and community endeavors. In 2015, an additional $86,048 was contributed, bringing the total to over $2.4 million.
posted by James Thielen on Wednesday, November 25, 2015
Banks, as the cornerstone of a lot of communities, are often asked for donations, gifts and sponsorships in the communities they serve. In order for LSB to better represent our desire to "give back" or "pay it forward," the LSB Foundation was born on March 2, 2005.
posted by Julie Versluis on Tuesday, November 03, 2015
Every day in the United States someone's finances are being exploited by someone they thought they could trust. This problem is not going away, and the elderly are the biggest target. If you have loved ones that you feel may be vulnerable, it's important to know what it is and the signs to look for to prevent abuse.
posted by Julie Versluis on Tuesday, October 13, 2015
Abuse is ugly in any form. But elder abuse often goes unrecognized and unreported because of the shame victims feel, their fear of losing independence, and their fear of retaliation. Learn how to protect yourself and your loved ones against elder abuse and financial exploitation.
posted on Thursday, October 08, 2015
When a loved one faces mental health issues or aging illnesses, who makes decisions on their behalf? The GAIN Tough Decisions event will help you understand the role of a substitute decision-maker and help you understand mental illness and the challenges related to caring for those individuals. Sign up today!
posted by Nathaniel Tagtow on Friday, September 25, 2015
We've discussed the basics of Trusts and how they are commonly used to distribute assets to loved ones. But is a Trust right for you?
posted by Nathaniel Tagtow on Thursday, September 17, 2015
For most people, the ultimate goal of their estate plan is to pass assets along to their loved ones. One of the most common and versatile ways to accomplish this goal is through the creation of a trust.
posted on Friday, September 04, 2015
Learn that life doesn't end when dementia begins in this free Cedar Valley event where guests will view the "I'll Be Me" documentary about beloved country star Glen Campbell. Unfortunately, many of our loved ones will face dementia in their lifetime, but with proper planning and care it doesn't have to be the end.
posted on Tuesday, April 14, 2015
Have you thought about who will protect your estate when you are no longer living? In this post you will find some helpful tips on how to find the right way for you to protect your estate.
posted on Monday, July 07, 2014
Living trusts are an exceptionally useful way to manage family finances today. Unfortunately, trusts are also a mystery to most people, as evidenced by the variety of questions fielded by our specialists.
In 2000 Ruth Heffron established a traditional IRA, probably by rolling over a lump sum distribution from her employer's retirement plan. At her death the next year, the IRA was worth $450,000. Heidi Heffron-Clark, Ruth's daughter, was the sole beneficiary of the account. She began taking monthly distributions from it.
One strategy for keeping your home in the family on a tax-preferred basis is the Qualified Personal Residence Trust, or QPRT. One can think of a QPRT as a major gift scheduled for a future date.
posted on Tuesday, April 29, 2014
Lincoln Savings Bank (LSB) is pleased to announce the addition of John Speas as Vice President, Trust Officer to our Waterloo Trust Department.
posted on Thursday, April 24, 2014
Actor Philip Seymour Hoffman, who died of an apparent drug overdose in February at age 46, last attended to his estate plans on October 7, 2004.
When there's an unexpected financial emergency of some sort, there may be a strong temptation to borrow from retirement savings to meet it.
Trusts are not as mysterious as most people seem to think, and technological advances have made trust-based financial planning accessible to more and more families.
posted on Wednesday, February 26, 2014
The last piece of Lincoln Savings Bank's First Quarter Financial Plan for February revolves around trusts. Trusts are a commonly misunderstood aspect of finance, with many people only knowing as much as they see in movies. Contrary to popular opinion, trust services from LSB are not just for older people or those who are well off.
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