Retirement Plan Assets: How to Complete Your Gift
Once you’ve considered the tax implications, you’ll see the value of leaving your retirement plan assets to PETA.
If you’ve decided to shield your heirs from heavy income taxation by making a charitable donation of your retirement plan assets upon your death, simply contact your retirement plan administrator for a change of beneficiary form. Then decide what percentage you would like PETA to receive, and name us, along with the percentage, on the beneficiary form (we recommend spelling out People for the Ethical Treatment of Animals). Note that if you are married, your surviving spouse is usually entitled by law to receive the entire amount in certain qualified plans (but not IRAs). Your spouse, however, can sign a written waiver allowing the gift to us. Finally, return the form to your plan administrator, and keep a copy with your will and other estate planning documents.
For More Information
Consulting an estate planning attorney is a smart investment that can save you and your family money and heartache in the long run. Please seek legal advice before deciding who will get what in your estate plan.
Learn how [DONOR] donated [HIS/HER] retirement plan assets to PETA.
|Download a free guide with tips on preparing to meet with your estate planning attorney.|
Please contact Tim Enstice at 757-962-8213 or email@example.com if we can answer any questions you have about using your retirement plan assets to support animals.