How retirement assets giving works
By naming Salem Hospital as the beneficiary, that charitable distribution totally avoids both income and estates taxes. 100% of the beneficial distribution is available for use in our work. When individuals originally invested in these retirement assets, they typically were not thinking about the potential tax bourdons and resulting loss in value that would accrue to heirs. For these reasons, naming Salem Hospital as a charitable beneficiary may be a valuable strategy to consider.
To learn more about gifting retirement assets and the benefits within your family circumstances, please contact Sara Andrews, Senior Vice President of Development, at 978.825.6250.
Individuals who name Salem Hospital as beneficiary of retirement assets qualifies them as members of our 1874 Charter Society.