On Friday, September 16th, at 11am EST, Mr. Berger describes how to leave gifts through Beneficiary Designations.

These are gifts upon death. IRAs and life insurance policies are two options.

IRAs or any tax deferred accounts are great for gifting to charities as they aren’t beneficiaries and so there are less complications. They can be paid right upfront without having to wait for probate or trusts to settle.

Life insurance is exempt from most taxes such as inheritance tax. Though proceeds are still includable in the estate so the PR will need to keep track of how much is paid out.

Submit your question

Bring your questions about estate planning and administration to our weekly Facebook Live with Mr. Berger on Fridays at 11am EST. Leave your email if you’d like to receive a notification of our response.