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Obstacles When Charities are Named as Beneficiaries of a Retirement Account

Steps to make transfer of assets more efficient and with less wasted cost and time.

There’s an undercurrent of grumbling and frustration when executing a transfer of retirement assets from a deceased individual’s retirement account to a charity that was named as a beneficiary of the account. In a survey conducted by the National Association of Charitable Gift Planners, 43% of organizations reported that they experienced difficulty collecting beneficiary proceeds from one or more individual retirement account administrators.1 There also have been reports of IRA

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