Most retirement plans, including 401(k)s and IRAs, are income tax–deferred assets, meaning that income tax is not paid until the funds are distributed to you during your lifetime, or upon your death. Because they will continue to be subject to income taxes to your beneficiaries after your death, retirement assets make ideal gifts to tax-exempt charitable organizations such as Village Presbyterian Church Endowment Trust. By naming the Village Presbyterian Church Endowment Trust as the primary or secondary beneficiary of your retirement account, your heirs will be able to avoid all income and estate taxes on your retirement plan assets..
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