What are the benefits of a gift of retirement plan assets?
You escape the income and estate tax that will both be levied on the remaining balance of your retirement plan if you leave it to heirs. You can give us the most disadvantageously taxed asset in your estate, and leave more favorably taxed property to your heirs. You can continue to take withdrawals from your plan during your lifetime. You can change the beneficiary if your or your family’s circumstances change.