Historic Christ Church-IRAs and Other Retirement Plans

Home > Support > Planned Giving > IRAs and other Retirement Plans
IRAs and other Retirement Plans

The law requires that some IRAs and qualified retirement plan assets be taxed as income when they are distributed to you. If you leave these assets to anyone other than your spouse, they are taxed as income at your death. Add the income tax rate to your possible estate tax rate, and your retirement money may be taxed 75 to 100 percent! It's possible that your children or loved ones would have to sell the property you left them in order to pay the tax.

Planned giving can help. Consider leaving a portion of your retirement plan to Historic Christ Church after your lifetime. We can show you how the assets can go into a trust at your death to support your children or loved ones for their lifetimes and then pass to Historic Christ Church to support our work.