Planned Giving for Financial Advisors
Retirement Plan — Beneficiary Designation
How they work
- Your client names Gaylord Hospital as the beneficiary of a portion or all of her IRA, 401(k) plan, or other retirement account.
- When the time comes, the amount designated passes to Gaylord Hospital income- and estate-tax free.
- Important! Tell the Hospital about your gift. Your plan administrator is not obligated to notify us. So if you don’t tell us, we may not know.
Benefits for your client
- Your client's estate can escape both estate AND income tax levied on retirement assets by leaving them to Gaylord Hospital.
- Your client can give the most heavily-taxed assets in her estate to Gaylord Hospital and leave more favorably-taxed property to her heirs.
- Your client won't affect her cash flow during her lifetime — and she can continue to take withdrawals during her lifetime.
- Your client can change her beneficiary if her circumstances change.
- Your client can create a meaningful legacy at Gaylord Hospital.