PLANNED GIVING

Tip of the Day

The balance remaining in your retirement plan after your death is subject not only to federal estate tax, but also to income tax – and, if you name a grandchild as beneficiary, to the generation-skipping tax. The result can be that only 20 to 25 cents on the dollar may be left for your family.

Why give so much of your hard-earned retirement assets to the government when you can give them to Taft instead?

Direct the balance of your plan to Taft, and use other assets – not subject to all the taxes applied to retirement assets – to make gifts to your family.

Recent IRS regulations make it easier to make Taft a beneficiary.

Read more... , email us, or contact us at (860) 945-5923.

Christopher R. Latham
Director of Development
ChrisLatham@TaftSchool.org

Chip Spencer ‘56
Planned Giving Consultant
ChipSpencer@TaftSchool.org

The Taft School
110 Woodbury Road
Watertown, CT 06795-2100
(860) 945-5923 | Fax: (860) 945-7756

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