Bequest / Bequest of IRA

Bequest / Bequest of IRA

Bequest of IRA

Bequests are contributions from a donor’s will or trust to the charity or non-profit organizations of their choosing. Bequests can be made with the help of your legal advisor. Bequests are essential in estate planning; the donor and their family can enjoy tax charitable deductions while funding their favorite charities.

One way to make a bequest is from your individual retirement account (IRA). The bequest can be of a specific dollar amount, a percentage of your IRA, or a residual amount in the account. 

 Advantages of a bequest of IRA

  An IRA bequest is an excellent gift vehicle for passing assets outside one’s estate tax-free.

• Your beneficiaries will be due for estate tax charitable deductions.
• It helps advance the cause of the charities and non-profit organizations close to your heart.

Are you planning to use gift vehicles in your estate planning?

With an estate planning attorney’s help, you can set up charitable trusts and gifts of annuities.

Charitable giving is a fantastic estate planning tool; these gift vehicles allow you to donate to the charities of your choosing, reduce your tax burdens and receive dependable income for life.