BENEFICIARY DESIGNATIONS
BENEFICIARY DESIGNATIONS: RETIREMENT & FINANCIAL ACCOUNTS
One of the easiest ways you can make a long-term difference — without writing a check today — is by designating Northstar Search and Rescue a beneficiary of a financial account beyond your lifetime.
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Having a comprehensive estate plan in place means having a will and or trust and ensuring your retirement and financial accounts have up-to-date beneficiary designations. Just as you’ll designate your loved ones as beneficiaries of your retirement or life insurance policy, you can designate your favorite charities as beneficiaries in-line with your values and vision for the future.
Such a simple act can have a profound mission impact.
COMMON ACCOUNT TYPES
RETIREMENT
PLANS
Donate from your 401(k), 403(b), or IRA after your lifetime to avoid potential double taxation if given to heirs.
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BANK
ACCOUNTS
Donating from what’s left in your account(s) could reduce estate and inheritance taxes.
LIFE INSURANCE
POLICIES
Just 10% of the average life insurance policy can be a substantially larger gift than most people can make during their lifetime
DONOR-ADVISED FUNDS (DAF)
Ensure that your funds designated for charity all go to charity.
STOCKS AND INVESTMENTS ACCOUNTS
Donate appreciated assets after your lifetime free from capital gains tax.
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UNITED STATES SAVINGS BONDS
Donate savings bonds to save your heirs from excess taxation.
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IT’S A SIMPLE PROCESS
1. Log-in to or contact the institution that manages your retirement, brokerage, or other account.
2. Complete a beneficiary designation form online or request that they mail you the form.
3. Include our details in the form:
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LEGAL NAME: Northstar Search and Rescue
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TAX ID NUMBER: 41-1855873
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ADDRESS: 101 Birch Ave South, Box 213, Maple Lake, MN 55358
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PHONE: (877) 727-5911
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EMAIL: 411.northstar@gmail.com
4. Submit the completed form to your financial institution – and that’s it! The process could take as little as five or ten minutes.
The information presented here is for educational purposes only. Always consult a legal or tax advisor to determine what is best for you.