Beneficiary Designation
Like a charitable bequest, a beneficiary designation involves a transfer of assets to Medical Teams International upon your death. In this case, the transfer is made in connection with one or more investments or financial arrangements you have entered into during your lifetime.
You can designate Medical Teams International to be a beneficiary of any of the following once your life has ended:
A beneficiary designation can often be especially tax efficient in the case of savings bonds, retirement plan assets and commercial annuities. This is because some or all of the value of such assets may be taxable when received by surviving family members or other individuals. By contrast, any amount received by Medical Teams International will not be subject to tax, as it is a tax-exempt organization.
Read an example of how a beneficiary designation works.
If you have questions, please contact Linda Ranz at 425.284.1941 or lranz@medicalteams.org.
| The information on this Web site does not constitute legal, financial, tax or estate planning advice and
should not be relied upon as a substitute for such advice. Medical Teams International encourages you to
seek the counsel of your own professional adviser as you determine how to proceed. | |