Beneficiary Designations: Future Gifts Made Easy
There are simple and easy ways to support the future of Children's Home Society of Washington without hiring an attorney. Make Children's Home Society of Washington a beneficiary of a bank, brokerage account, retirement plan, life insurance policy or annuity. Upon your death, assets in these accounts are passed to beneficiaries without going through probate:
POD & TOD Accounts
Payable-on-Death (POD) accounts allow you to name Children's Home Society of Washington as a beneficiary of your bank or credit union savings account, checking account or CD. A similar arrangement called a Transfer- on-Death (TOD) account, allows you to name Children's Home Society of Washington as a beneficiary of your stocks, bonds and mutual funds.
IRA Beneficiary
Include Children's Home Society of Washington as a beneficiary of your retirement plan, such as a traditional IRA or 401(k) account, simply by updating the beneficiary designation form, which can be obtained from the plan administrator. Naming Children's Home Society of Washington as the primary beneficiary of your retirement plan eliminates income and estate taxes on that asset.
What You Will Need:
Although forms will differ from one financial institution to the next, you will need our legal name and address:
Children’s Home Society & Trust Foundation):
12360 Lake City Way N.E., Suite 450
Seattle, WA 98125
Tax ID Number: 43-2032452