|
Giving Through A Retirement Plan Did you know that retirement plan assets that are passed directly to heirs might be subject to both income and estate taxes? Naming a charitable remainder trust as the beneficiary of a traditional IRA or other retirement plan may leave your estate in a much better financial position. For many, it is a great way of ensuring that your heirs will receive a regular income (the trust payout) while avoiding significant taxes, which otherwise could be as high as 75 percent. For donors who choose to make an outright gift in their will, an effective strategy can be to make a specific bequest of your IRA or other tax-sheltered retirement accounts to the Portneuf Health Care Foundation. Some donors make the mistake of leaving cash from other assets to charity and leaving their tax-sheltered accounts to loved ones. Unfortunately, this can mean that the net received by your loved ones is less than you intended. Since the tax-sheltered retirement account pays both estate and income taxes, your loved ones may receive as little as 30 percent of the original balance. If, however, your bequest were to specify that the Portneuf Health Care Foundation receive the IRA or other tax-sheltered account, the favored tax treatment would allow for a larger gift to both the medical center and to your heirs. Our staff can assist you in determining the most beneficial method of supporting the Medical Center, personalized to your needs and wishes. For more information on these or other gift vehicles, call (208) 239-2134 or e-mail shaunm@portmed.org. |
 |
||
|
Planned Giving Will Bequests Revocable Living Trusts Charitable Remainder Trusts Charitable Gift Annuities Charitable Lead Trusts Life Estates Life Insurance Retirement Assets  Back to Foundation |
||
 | ||