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Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
It is very simple to name Pheasants Forever or Quail Forever as a beneficiary. Start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website. Make your desired changes and return the form to establish your gift.
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Robert and Carol treasure the financial help they've been able to give their children and Pheasants Forever or Quail Forever over the years. Now that their kids are grown, Robert and Carol changed their estate plan so it could work harder for wildlife habitat conservation. The couple, who are longtime Pheasants Forever or Quail Forever chapter volunteers, updated their will to leave stocks and real estate to their kids. And they left us a $75,000 IRA to be transferred after their death. Because Pheasants Forever or Quail Forever is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money while positively impacting the wildlife habitat conservation mission of Pheasants Forever for future generations of hunters and conservationists.
*Based on an assumption of a 24% marginal income tax bracket.
This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!
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