Wills, Trusts & Beneficiaries
Through your Last Will and Testament, you may designate planned gifts to MAI Including MAI in your will or living trust allows you to make a future gift while maintaining control over your assets during your lifetime. You may designate your gift as a fixed dollar amount, a percentage of the total estate or a percentage of the residual estate.
Naming MAI as a beneficiary on any of your financial accounts is a straightforward way to make a future planned gift – without changing your Last Will. You may contact your bank, broker or retirement account administrator and request Transfer-on-Death (TOD) or Payable-On-Death (POD) forms to designate MAI as a beneficiary.
“Payable on Death” or “Transfer on Death” accounts remain in your ownership and control while you are living. You may make additions or withdrawals from the account and may cancel or change the named beneficiary. At your death, remaining assets would simply be transferred to MAI.
Alternatively, you may consider naming MAI as a primary or contingent beneficiary of your retirement assets or life insurance policy.