Avoid potential estate tax on retirement assets
Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
Receive potential estate tax savings from an estate tax deduction
To leave your retirement assets to The Village at Incarnate Word, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate The Village at Incarnate Word as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to The Village at Incarnate Word. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already included The Village at Incarnate Word as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.