Trust

• The Future of the Federal Estate Tax

  posted by Bill Northup on 8/11/2017

  The future of the federal state tax is uncertain. It has been a hot topic since the 2016 Presidential election because President Donald Trump has advocated a repeal of the tax.

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• Giving Through a Charitable Trust

  posted by James Thielen on 2/1/2017

  If you have found a charity that aligns with your passions, beliefs or values, consider establishing a Charitable Trust. There are two particular charitable trusts I will cover, one is a Charitable Remainder Trust and second, a Charitable Lead Trust.

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• $2.76 Million and Counting!

  posted by James Thielen on 1/30/2017

  In 2016, the LSB Foundation made grants, gifts and contributions in excess of $164,000.00. Since our inception in 2005 we have given a total of $2.763 Million to groups and organizations in the markets we serve.

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• Extended Tax Break for Home Owners

  posted on 9/21/2016

  Did you know there is a new tax deduction for home owners that pay mortgage insurance?

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• Estate Planning for Blended Families

  posted on 9/19/2016

  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.

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• 2.4 Million and Counting!

  posted by James Thielen on 1/6/2016

  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.

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• The LSB Foundation

  posted by James Thielen on 11/25/2015

  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.

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• Financial Exploitation of the Elderly: The Signs to Look For

  posted by Julie Versluis on 11/3/2015

  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.

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• Elder Abuse and How it Affects Us

  posted by Julie Versluis on 10/13/2015

  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.

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• GAIN Tough Decisions Event

  posted on 10/8/2015

  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!

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• Is a Trust Right for Me?

  posted by Nathaniel Tagtow on 9/25/2015

  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?

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• What is a Trust?

  posted by Nathaniel Tagtow on 9/17/2015

  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.

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• Glen Campbell I'll Be Me Cedar Valley Event

  posted on 9/4/2015

  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.

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• Who Will Protect Your Estate?

  posted on 4/14/2015

  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.

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• Q&A on living trusts

  posted on 7/7/2014

  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.

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• When is an IRA not a retirement plan? It's a trick question.

  posted on 7/7/2014

  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.

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• How to give your house to your kids

  posted on 7/7/2014

  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.

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• John Speas

  posted on 4/29/2014

  Lincoln Savings Bank (LSB) is pleased to announce the addition of John Speas as Vice President, Trust Officer to our Waterloo Trust Department.

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• Is it time to review your will?

  posted on 4/24/2014

  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.

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• Rollovers: One to a customer

  posted on 4/24/2014

  When there's an unexpected financial emergency of some sort, there may be a strong temptation to borrow from retirement savings to meet it.

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