The Medical Foundation of North Carolina, Inc.
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Retirement Plan Assets
Retirement plan assets are a great source of retirement income but not always a good choice for making gifts to children and grandchildren. Consider using retirement plan assets to endow a scholarship or a professorship or to make a significant and meaningful gift that will support the Medical Foundation. Because of the estate tax treatment of retirement plan assets, the "cost" of the gift to your estate and heirs is often relatively small. Naming the Medical Foundation as a beneficiary of your retirement plan could make a substantial difference in the taxing of your estate and the amount transferred to your children and grandchildren.