How do I add the Alpha Sigma Alpha Foundation to my will?
It is not difficult to add a charitable bequest to a will. An attorney can draft a simple codicil. There are also other ways to support of the Alpha Sigma Alpha Foundation without changing a will. Here are some ideas:
- Name the Alpha Sigma Alpha Foundation as beneficiary of a life insurance – policy contact the company and ask them to send the form needed to name or change beneficiaries.
- Most accounts at financial institutions can be made payable on death to a person or charitable organization. Ask the manager of the institution how to arrange a death beneficiary for a CD, savings account, etc.
BENEFITS FROM IRAS AND PENSIONS
- Because these assets have not yet been subject to income tax, as much as 75% of retirement savings may be eaten away by taxes without some simple planning. An estate can save both income taxes and estate taxes if Alpha Sigma Alpha Foundation is the death beneficiary of an individual retirement account, pension, 401(k) or other retirement savings plan.