Making a Gift
Through Retirement Plans and Life Insurance
Retirement Plans
To preserve your retirement assets after your lifetime, consider the benefit of using them through a planned charitable gift to San Bernardino Mountains Land Trust.
The simplest way to leave the balance of a retirement account to San Bernardino Mountains Land Trust is to list us as the primary or secondary beneficiary or to designate a specific amount to give to San Bernardino Mountains Land Trust on the paperwork provided by your plan administrator.
How it works:
- You name SBMLT as the beneficiary of your IRA, 401(k) or other qualified plan.
- After your lifetime, the residue of your plan passes to SBMLT tax free. An extra step may be required to designate your 401(k); please contact our team for more details
Benefits:
- You can escape both income AND estate tax levied on the residue left in your retirement account by leaving it to SBMLT.
- Give the most taxed asset in your estate to the SBMLT, and leave more favorably taxed property to you heirs.
- You can continue to take withdrawals during your lifetime.
- You can change the beneficiary if your circumstances change.
For more information please contact [email protected].
Life Insurance
You may also name San Bernardino Mountains Land Trust as primary beneficiary of your life insurance policy or as contingent beneficiary should your other beneficiaries not survive you. After your lifetime, the benefits from your policy pass to San Bernardino Mountains Land Trust free of federal estate tax.
For more information, please contact [email protected].