How it Works

A retirement plan assets can be a tax-efficient and simple way of including Michigan Engineering in your estate plan. The best method is to name U-M as a primary or secondary beneficiary on your plan’s beneficiary designation form. If left to an individual, retirement assets are often subject to income and possibly estate taxes. However, when a charity is named as a beneficiary it does not pay income or estate taxes on the distribution.

Potential Benefits

• Make a generous gift to the University of Michigan
• Possibly reduce estate taxes
• Simple to execute and may be modified at any time

This Might Interest You if You…

• Want to preserve your assets in your lifetime
• Want to minimize potential income and estate taxes

How to Get Started

• Discuss this option with your financial advisor and contact your retirement plan administrator to update your beneficiary designation.
• Contact Melanie Zauel to receive more information or share your plans
• Learn more about Gifts of Retirement Plans