Retirement plan assets at death, unless payable to a spouse or charity,
may be subject to estate tax. The distributions of the assets from such
plans to individuals are also subject to federal income tax. You may
wish to consider Husson as a complete or partial beneficiary of your
plan to limit this potential double taxation. Usually, this is a simple
matter of requesting a form from your human resources department and
indicating a percentage to be distributed to Husson at your passing.
For more information, contact our Director of Planned Giving.
|Name||Phone and Email||Address|
Director of Planned Giving
|Beardsley Meeting House
1 College Circle
Bangor, ME 04401