Retirement Plans

If you die with retirement plan assets in your estate, those assets are subject to income taxes. Glenwood can be named as the beneficiary of an IRA, 401 (k) or other retirement account you may designate. Glenwood can be the sole beneficiary or share in a percentage of these funds.  Your beneficiaries will owe 39.6% income tax at your death on any retirement assets, which may be reason enough to consider giving your loved ones less heavily taxed assets and leaving your assets to charity instead. 

 

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