The following is an illustration of how this type of donation works.A single mom with two kids learns the smart way to give retirement plan assets.Challenge: Nancy is a single mom with two small children. She has two main estate planning goals: to leave an inheritance for her children and to leave a legacy in support of her community. Recently she met with her attorney for professional advice. Her question: "How can I meet my goals with maximum benefit for my children and my community?" Solution: Nancy went into the meeting thinking that her IRA should go to her children. But the attorney pointed out that even though both children were still young, they have the potential to be in higher marginal tax brackets when Nancy passes away. If so, a large share of their inheritance would be subject to income taxes and significantly reduced. As a result of this meeting, Nancy changed her plans and named a charitable organization within her community as the beneficiary of her IRA and gave the remainder of her estate assets, which includes appreciated stocks, to her children.
Giving retirement plan assets to PETA shields your loved ones from taxes and frees you to give them other assets that are not as heavily taxed.
Please contact Tim Enstice at 757-962-8213 or firstname.lastname@example.org if we can answer any questions you have about this way to support our work.
Almost all of us grew up eating meat, wearing leather, and going to circuses and zoos. We never considered the impact of these actions on the animals involved. For whatever reason, you are now asking the question: Why should animals have rights? Read more.