Gary and Sue decided to set up a designated beneficiary arrangement to benefit the CRCNA. They choose to designate a portion of their retirement accounts to be transferred directly to the CRCNA upon their passing. This process involves simply contacting their retirement account provider and completing the necessary beneficiary designation forms, specifying the CRCNA as the recipient.
By selecting a tax-exempt organization like the CRCNA, the full amount that they designate will go to the CRCNA rather than being subject to taxes.