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Submitted by webtech on Wed, 05/14/2014 - 05:39

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Retirement Plan Beneficiary Designation

Retirement Plan

You name Berkeley as a beneficiary of your IRA, 401(k), or other qualified plans.
After your lifetime, all or a portion of the remaining assets in your plan pass to Berkeley tax-free.

Flexibility

Estate Tax Deduction

Income*

No Income Tax

You can continue to take distributions from your retirement accounts during your lifetime.
You can create a tax-efficient estate plan by leaving other assets to your loved ones, which are not subject to both income and estate tax.
You can change your beneficiary designation at any time.
It is possible to fund a Testamentary Charitable Remainder Trust with retirement assets that can pay income to a loved one for life or a term of years.

*If you fund a life income gift (e.g., charitable gift annuity or charitable remainder trust)

For more in-depth information, please call one of our experts at 510-642-6300.