Financial PlanningRetirementAvoiding Charitable IRA Beneficiary Mistakes in 5 Easy Steps

Considering naming a charity as a beneficiary of your estate? The tax-exempt status of non-profit organizations can make IRAs ideal for charitable gifting, as neither you nor your charity will pay income tax on the account. However, using these accounts for charitable gifting can also create several traps for both the charity and other IRA beneficiaries.

From filling out your beneficiary form properly to separating accounts for each intended heir, there are a number of factors to consider when naming a charitable beneficiary.

To maximize the amount gifted to your charity and other IRA beneficiaries, click here to learn how to avoid charitable IRA beneficiary mistakes.

Have more questions about your qualified retirement accounts or strategies for financial gifting? We are here to help! Give us a call at (425) 252-4032 to schedule a time to discuss further.

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