God’s Gifts. Your Legacy.

God. You. Your legacy. How does it all fit together? That is where Legacy Deo can help. It starts with recognizing that God (Latin: Deo) is the giver of all gifts. What you do with his gifts is the legacy you leave. We are here to help establish and nurture your God-honoring legacy, one that demonstrates your faith and benefits your family for years to come.

Our mission is to inspire giving that impacts life forever. Let us help you cast a vision for your legacy and create a charitable giving plan tailored to your needs. For more than sixty years, we’ve helped people just like you make that become a reality.

God’s Gifts. Your Legacy.

God. You. Your legacy. How does it all fit together? That is where Legacy Deo can help. It starts with recognizing that God (Latin: Deo) is the giver of all gifts. What you do with his gifts is the legacy you leave. We are here to help establish and nurture your God-honoring legacy, one that demonstrates your faith and benefits your family for years to come.

Our mission is to inspire giving that impacts life forever. Let us help you cast a vision for your legacy and create a charitable giving plan tailored to your needs. For more than sixty years, we’ve helped people just like you make that become a reality.

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
5 days ago
Legacy Deo

Celebrity Estate Planning Mistakes—Part One

Last week I promised to share in the weeks ahead some celebrity estate planning mistakes. Here's the first installment, courtesy of AARP, beginning with an introduction.

With all the millions some celebrities have, you’d think they would be able to afford good estate planning advice. But too often after celebrities die, we learn that they made some simple blunders that trigger years of court battles or cost their heirs millions of dollars. Here are the stories of actors, athletes, and entertainers who have passed away — and what we can learn from them financially.

Prince Rogers Nelson's Mistake: Not having a will. The April 2016 death of entertainer Prince wasn't just shocking because he was only 57 years old. Many people were also surprised the "Purple Rain" singer had no will. Accordingly, a Minnesota judge was faced with deciding how to distribute Prince's estimated $300 million estate among six siblings. Other potential heirs have surfaced, too, including a federal inmate claiming to be Prince's son.

Not preparing a will is a basic mistake. "But it's estimated that 60 percent to two-thirds of adults in America don't have a last will and testament, so Prince isn't alone," says Andrew Mayoras, a trust and estates lawyer and coauthor of Trial & Heirs: Famous Fortune Fights!

Whitney Houston's Mistake: Not updating the will. Singer Whitney Houston had a will when she drowned in February 2012, but it was quite outdated. Drawn up a month before the 1993 birth of Houston's only child, Bobbi Kristina Brown, the will was never revised — not even as the singer's fortune climbed to $20 million. Bobbi Kristina was 18 when her mother died, and under the will's terms, she was to receive 10 percent of the estate — $2 million — when she turned 21, and the rest later.

By not updating her will, Houston failed to consider whether her daughter was mature enough to handle millions of dollars. Bobbi Kristina got the $2 million but not the rest of her inheritance. She died in 2015, also as a result of drowning and drug intoxication.

James Gandolfini's Mistake: Not finishing planning. Sopranos actor James Gandolfini was reportedly worth $70 million when he died in June 2013 of a heart attack in Rome. His will provided for his widow, daughter, and two sisters (his son from his first marriage was provided for in other ways). But Gandolfini didn't use proper tax planning. The result: The estate ended up paying federal and state estate taxes at a hefty rate of 55 percent.

Gandolfini made a will before leaving on vacation but did no planning beyond that. For many people, not just celebrities, a simple will isn't enough. There are a lot of estate taxes that could be legally avoided with better estate planning.

Stay tuned for next week's continuation of Celebrity Estate Planning Mistakes. In the meantime, don't neglect your own estate plan. It's not too soon to plan your legacy!
... See MoreSee Less

2 weeks ago
Legacy Deo

More than $85,000 was raised last night for Texas Partners in Mission! 100% will go towards spreading the Gospel across Texas. Thank you! ... See MoreSee Less

More than $85,000 was raised last night for Texas Partners in Mission! 100% will go towards spreading the Gospel across Texas. Thank you!
2 weeks ago
Legacy Deo

Legacy Deo was represented at the Texas District LCMS Convention by Brian Hamilton, Debbie Curry, and Jerry and Terry Kieschnick. ... See MoreSee Less

Legacy Deo was represented at the Texas District LCMS Convention by Brian Hamilton, Debbie Curry, and Jerry and Terry Kieschnick.
2 weeks ago
Legacy Deo

LCMS President Matthew Harrison addressing the Texas delegates with a “State of the Synod” report and fielding questions. A very informative and interactive session. ... See MoreSee Less

LCMS President Matthew Harrison addressing the Texas delegates with a “State of the Synod” report and fielding questions. A very informative and interactive session.
2 weeks ago
Legacy Deo

Legacy Deo is at the TXLCMS Convention. Be sure to come by and see us. We are located near the main ballroom doors. ... See MoreSee Less

Legacy Deo is at the TXLCMS Convention. Be sure to come by and see us. We are located near the main ballroom doors.Image attachment
Load more