For more information, click here to download our free brochure: Three Simple Ways to Leave Your Legacy.
Planned Giving - Retirement Plans and IRAs
A tax-wise gift.
Typically, the largest source of assets that generate taxable income is a Retirement Plan or IRA. It's important to know that more than half of your retirement plan assets could be subject to income and estate taxes.
If you are considering a gift to Volunteers of America, Utah after you pass, make your legacy go further by gifting taxable assets to us and give nontaxable assets, like real estate and stocks, to your loved ones.
To leave your legacy in the form of gifting all or a portion of your retirement plan or IRA, simply contact your retirement plan or IRA administrator and complete a Beneficiary Designation Form naming Volunteers of America, Utah as beneficiary. Then mail it back to the plan administrator and keep a copy for your records. Beneficiary forms are filled out on your terms and can be changed at any time. If you decide to name us as a beneficiary, please be sure to let us know.
Did you know?
When you fill out a Beneficiary Designation Form, you can choose the percentage you’d like to give. You can gift Volunteers of America, Utah anywhere from 0 to 100% and custom-tailor your legacy to fit you and your loved ones’ needs.
This information is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.