Beneficiary designations are often the easiest type of planned gift to do. All you have to do is name FBMS as a full or partial beneficiary of the remainder of your IRA, 401(k), 403(b), tax-deferred annuity, financial accounts, or other qualified retirement plans.
Simply request a change of beneficiary form from your plan administrator and name FBMS as a partial (percentage or dollar value) or full beneficiary upon your passing.
Types of Assets to Consider:
- Retirement plan (401(k), 403(b), or IRA)
- Life insurance
- Bank accounts
- Donor advised funds
- Investment accounts
- Commercial annuities
- External trusts
Ways to Include FBMS:
- A gift of a particular amount of money (for example, you designate $25,000).
- A gift of a percentage (for example, you designate 25% of the account’s value).
- Name FBMS as a contingent beneficiary if other beneficiaries have already passed.
- Create a charitable trust externally and name FBMS a beneficiary.