Retirement account assets, if left to anyone other than a spouse, may be subject to very high taxation. However, by designating the Kent Library Association as recipient of any benefits remaining in your retirement plan, you may effectively reduce the taxes on those assets.
- The gift of your home is a unique and meaningful way to support the Kent Library Association.
- You can enjoy the satisfaction of making such a gift during your lifetime—without affecting your current lifestyle—by a special arrangement called a retained life estate.
- Real estate can also be a valuable asset when used to fund either a charitable remainder trust or a charitable lead trust.
You may wish to make the Library the beneficiary of a policy.
Questions? Please contact Library Director Sarah Marshall at 860-927-3761.