GIFTING RETIREMENT ASSETS

If you are planning to leave your retirement plan assets to your heirs, did you know that they could be double taxed? Retirement plan assets can be impacted by income taxes, estate taxes and possibly the generation skipping transfer tax at death, significantly reducing the amount received by your heirs. Consider using these funds to support Actors Theatre.

  • Naming Actors Theatre as the primary beneficiary avoids all income and estate taxes.
  • Partial savings when you give Actors Theatre a specific amount before giving your family the remainder.
  • Naming Actors Theatre the contingent beneficiary allows for greater flexibility.
  • You can provide for both Actors Theatre and family members by leaving retirement plan assets to a life income gift, such as charitable remainder trust.

Contact Trish Pugh Jones, Manager of Patron Relations, for more information at 502-584-1265 ext. 3062 or e-mail at TJones@ActorsTheatre.org.