Bequests & Planned Gifts
Retirement Plan Assets
Many viewers tell us THIRTEEN means more to them in retirement than ever before. They also have discovered that their Individual Retirement Accounts (IRA) or other retirement plans provide them with interesting gift planning options to help fund the future of the programs they enjoy so much.
Did you know that your retirement plan assets may be facing double taxation? When you leave these assets to your heirs, you’ll generate “income in respect of a decedent.” So not only may the inheritance you leave be diminished by estate taxes, but the recipient also must pay income taxes on it!
Your decision of who gets the remainder of your retirement plan should depend on your family’s circumstances. If you can make other provisions for them, there’s a better option for your retirement plan assets – a gift to THIRTEEN.
Many Ways to Give
If you’ve already provided for your relatives in your estate plan, simply name WNET (THIRTEEN) as the primary beneficiary of your retirement assets. Or, consider a couple of other possibilities:
- Designate a specific amount to be paid to THIRTEEN, before the division of the remainder among family beneficiaries.
- Name THIRTEEN the beneficiary of part, or even all, of the balance remaining after your spouse’s or another beneficiary’s lifetime.
To Learn More
Please contact us for more information:
Office of Planned Giving
825 Eighth Avenue
New York, NY 10019