Planned Giving

Whether you participate in a company pension plan or a fund you have established yourself, such as an IRA or a 401(k), you may find accumulated funds beyond your needs. Retirement funds may be subject to two forms of taxation. Generally, the total undistributed balance of qualified retirement funds are included in your gross estate for estate tax purposes.

Since the funds in retirement accounts usually represent deferred compensation that has not been subject to income tax, giving the accounts to individual heirs exposes the funds to income tax. Your retirement dollars can be seriously depleted by this double taxation. When Overland Missions is named as the beneficiary, you can avoid both forms of tax.

Benefits

• You have the use of your retirement savings during your lifetime
• This form of gift is revocable and therefore, can be changed if your financial circumstances change
• The ability to leave loved ones other assets that carry less tax liability
• The funds you carefully saved over a lifetime wil ultimately be used to save and empower lives


To inquire in more detail about any of our planned giving options, please contact Richelle Lopez by e-mail: richelle@overlandmissions.com or by phone 321-452-9696