Giving Today / Gifts of Retirement Plans

Individual Retirement Accounts (IRAs), tax-sheltered annuities, Keogh plans, 401(k), 403(b) and other qualified pension and profit-sharing plans can also provide significant support for Amigos de Vamos Adelante.

 A donor needs to inform his retirement plan administrator that he wishes to name Amigos de Vamos Adelante as a beneficiary of the plan. The funds will usually pass to Amigos de Vamos Adelante outside of probate and free of all taxes, including income taxes that are otherwise paid when an individual person is named as a beneficiary of such asset. The beneficiary designation can be in the form of an unrestricted designation or a restriction.

 When updating your beneficiary designation you should consult with an attorney. We would be pleased to work with you and your attorney.

 

For more information please contact us.