GIFTS FROM RETRIMENT ASSETS

Designation of Beneficiary

Like bequest, designating XLNC1 as a beneficiary of retirements assets provides you with an opportunity to make a considerable gift while avoiding income and estate tax on the assets remaining in the retirement account. By planning ahead, you can ensure that your loved ones do not suffer from the tax burden if there is a balance in your retirement account at your death.

There are a couple of steps to take care of before XLNC1 can be named the beneficiary of your retirement assets. Please make sure that not only are your wishes specified in your bequest but that XLNC1 is designated in your retirement plan as well.

Please consult your estate planner or tax advisor to receive further information regarding planned giving from your retirement assets and how to set up the gift properly to avoid up to 75- 80 % of tax burden.

We recommend that you contact a tax advisor, estate executor to weigh your options. Once you have named XLNC1 as a beneficiary of a retirement assets or tax-wise IRA year-end contribution please notify Cynthia Fuentes at 619-575-9090 Ext. 413 or email cfuentes@xlnc1.org to receive recognition for your gift.