University of Texas at Austin

Make the Most of Your Retirement Plan Assets

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© The Stelter Company The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. The University of Texas at Austin Gift Planning Team P.O. Box 7458 Austin, TX 78713 512-475-9632 For more information, please seek guidance from an estate planning attorney, a CPA and other professionals who are thoroughly versed in this area of tax law, because the laws vary depending on when and how you make the gift. We would be happy to answer any questions regarding charitable giving that you or your advisor may have. Feel free to contact us at no obligation. Provide Income for a Loved One Another tax-benefiting possibility is to give retirement assets at your death to a tax-exempt deferred giving plan, such as a charitable remainder unitrust or a charitable remainder annuity trust. You designate who will receive income for life or a term of up to 20 years from the trust. The income can be either fixed or variable—whichever you choose. After the death of your income beneficiary, the remaining balance will support our work. By naming a deferred giving plan as the ultimate beneficiary of your retirement account, income taxes can be deferred until paid from the trust to the income beneficiary you designate. The simplest way to leave the balance of a retirement account to us after your lifetime is to list us as the beneficiary on the beneficiary form provided by your plan administrator. If you are married, your spouse must sign a written waiver (even though you may designate a charitable organization as beneficiary on your employer's forms). A waiver is not required for IRAs, however. If you prefer to make your spouse the primary beneficiary of the retirement account, you can name us as the contingent beneficiary. For your children to benefit, you could designate a specific amount to be paid to us before the division of the rest among them. 3 Ways to Donate Your Retirement Account 1. List us as beneficiary and have your spouse sign a written waiver, if necessary. 2. Make us contingent beneficiary to your spouse. 3. Want your children to benefit, too? Designate a specific amount for us with the remainder for your children.

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