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 esignating
a charitable organization such as Hospice Foundation in your
living trust or a plan which permit beneficiary designations
such as an insurance policy, IRA, Keogh Plan, 401-K or other
qualified retirement plan, can reduce estate taxes
significantly and still benefit your loved ones.
Advantages of Beneficiary Designations
They are revocable which means that you can change your mind
at any time.
They are easy to set up and change. Changes in revocable
trusts can be done by a simple amendment. There is no need
to change the whole trust.
In the case of retirement plan balances or an insurance
policy, designating the Hospice Foundation as a beneficiary
can be achieved by contacting the insurance company or plan
administrator and submitting a change of beneficiary form.
Our legal name is "Central Coast Hospice Foundation."
The cost of the gift may be reduced substantially. There may
be no estate tax on the gift. In the case of gifts of
qualified retirement plan balances, income taxes may also be
reduced or avoided. This could result in a gift that costs
as little as 25 percent of the amount given. The Hospice
Foundation will receive this money with no tax!
If you would like more information, please contact Susan Cortese at (831) 333-9023 or send an email to Susan Cortese.
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