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The Caldwell Trust Company Blog

Home for the holidays: Caldwell Trust Co. moves into new headquarters

Posted by Kelly Caldwell

There’s no place like home for the holidays.” Those lyrics, written in 1954, were true centuries before the song existed and will continue to be so for centuries to come. This year the words hold a truly special meaning for Caldwell Trust Company as we prepare to move into our new home at 1400 Center Road, Venice. Our professional family will be in residence at the new Italianate-style, 11,500-square-foot building by year’s end. 

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Topics: Corporate

James R. Woods, director of Caldwell Trust, keeps right on working even after retirement

Posted by Sheryl Vieira

"A man can’t retire his experience. He must use it.” Those words by noted financier and philanthropist Bernard Baruch easily describe the philosophy of James R. Woods, a member of Caldwell’s board of directors since 2005. Jim acquired an impressive list of accomplishments during his professional life and has continued to add achievements after retirement in what has become a second career. 

Now he has taken on another huge challenge. He’s heading the capital campaign to raise $11.7 million for Loveland Village in Venice. “We’re building apartments for adults with developmental disabilities, people who will outlive their parents or their parents’ ability to care for them,” Jim says. Besides housing and social interaction, the Village will provide job opportunities and education. “To me, this is a way to serve families for generations to come.” 

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Topics: Corporate

Tidewell Hospice nominates Jan Miller as Outstanding Fundraising Volunteer

Posted by Sheryl Vieira

Tidewell Hospice has nominated Jan Miller, Caldwell executive vice president and trust officer, as its Outstanding Fundraising Volunteer according to Gerry Radford, President and CEO of Tidewell.

“Jan has been a devoted supporter of Tidewell Hospice for many years; not only through her personal charitable gifts, but through her extraordinary leadership as a member and former chairperson of our Board of Trustees,” Radford said. “She is a strong advocate for the importance of supportive and compassionate healthcare for those faced with a life-limiting illness and shares her passion with others to further the mission of Tidewell.”

The winner of the Outstanding Volunteer competition will be announced by the Association of Fundraising Professionals, Southwest Florida Chapter, at its 29th annual National Philanthropy Day luncheon, set for November 18 at Michael’s on East

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Topics: Caldwell Cares

Savers Reap the Rewards of Their Retirement Thrift Early

Posted by Caldwell Trust

For employees that contribute to retirement plans, they already know the long-term tax advantages of a 401(k) type of plan. Taxes are deferred (pre-tax) on money put away for their golden years.

Now a tax credit will let some savers reap the rewards of their retirement thrift early!

The retirement savings contributions credit, also referred to as the “saver's credit”, appears on Form 1040 and Form 1040A tax returns as a way to reward lower-wage earners who sock away retirement money.

Because the tax break is a credit instead of a deduction, it's a better deal. Tax deductions reduce taxable income, but credits come into play after you calculate how much tax you owe, and they reduce your Internal Revenue Service bill dollar for dollar. For example, if you owe $500 and you are eligible for a $250 credit, the check you have to write to Uncle Sam is cut in half.

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Topics: Retirement Plan Services

2015 Estate Tax Exemption Amount Increases

Posted by Caldwell Trust

As the saying goes, there is nothing certain except for death and taxes...the good news is the estate tax exemption continues to increase.

The IRS has confirmed that the estate tax exemption amount will increase to $5.43 million per individual this next year; due to the application of the inflation adjustment (2014 exemption was $5.34 million).   Bottom line, this provides each individual with an additional $90,000 that could be passed on tax-free to their heirs.  Married couples have the benefit of planning with two exemption amounts, allowing them to pass an additional $180,000, for a total of $10.86 million, to their heirs before incurring any estate tax. 

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Topics: Trusts & Estate Planning

Sonya Kristie, Assistant Vice President and Trust Officer

Posted by Sonya Kristie

At Caldwell Trust Company there are many different ways and many different services that we can provide our clients. Gene illustrates one of those examples.

Gene is in her nineties. She lives independently at a retirement community. Her husband of over 60 years recently passed away. He was an accountant and was responsible for paying a lot of the household bills.

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Topics: Trusts & Estate Planning

 


 

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