Making a Charity the Beneficiary of an IRA or Retirement Plan
If you have funds in an IRA or employer-sponsored retirement plan, you can name your favorite charity as a beneficiary. Naming a charity as a beneficiary can provide double tax savings. First, the charitable gift will be deductible for estate tax purposes. Second, the charity will not have to pay any income tax on the funds it receives. This double benefit can save combined taxes that otherwise could eat up a substanital portion of your retirement account.
For further information
Ash Robinson at 801-977-0444 firstname.lastname@example.org