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Many people have life insurance or retirement plans with significant balances. In
some cases, these assets total more than is needed for a comfortable retirement,
and could give rise to heavy estate taxes.
In that case, it may be wise to consider using these funds to make charitable gifts
now or in the future. A simple change of beneficiary form may be all that is required
for gifts of what remains in your accounts. As in the case of gifts through wills
and revocable living trusts, such gifts can be arranged to take place only if
loved ones predecease you, or in the event of other circumstances you specify.
For more information on retirement plan giving and special new incentives for
those over 70½ to make gifts from these accounts,
click here.
Your retirement plan benefits advisor or your life insurance professional can
provide more details upon request.
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