Gift of Retirement Assets

Did you know your retirement plan assets are facing double taxation? Not only may the asset amount be diminished by estate taxes, but the recipient, if other than your spouse, must pay income taxes on it.

If you can make other provisions for your family, there’s a better option for your retirement plan assets — make a charitable gift.

To implement your wishes, simply advise the plan administrator of your decision and sign the form they require. For an IRA or other plan you administer personally, notify the custodian in writing, and keep a copy with your valuable papers.


  1. Your estate may reduce its tax exposure by designating COA as beneficiary to a portion of the account.
  2. Naming COA the contingent beneficiary can save estate taxes if other heirs have predeceased you.
  3. Donating retirement plan assets could be the most cost-effective gift you can make.
  4. Naming COA the primary beneficiary avoids all income and estate taxes.

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