Theatre Under the Stars

Beneficiary Designations

CONTINUE SUPPORTING OUR WORK AFTER YOUR LIFETIME

Passionate about supporting Theatre Under the Stars with our mission even after your lifetime? It’s not only possible, it’s easy to do with a beneficiary designation. Just name Theatre Under the Stars as a beneficiary to receive assets such as retirement plans and life insurance policies after you’re gone. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.

Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

CHECK OUT THIS POTENTIAL SCENARIO

Older couple smilingRobert and Carol treasure the financial help they’ve been able to give their children and Theatre Under the Stars over the years. Now that their kids are grown, Robert and Carol changed their estate plan so it could work harder for the people and causes they love. The couple updated their will to leave stocks and real estate to their kids. And they left us a $75,000 IRA to be transferred after their death. Because Theatre Under the Stars is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $21,000 would have gone to pay federal income taxes—leaving only $54,000 for their family’s use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
Based on an assumption of a 28 percent marginal income tax bracket.

NEXT STEPS

  1. Contact Amy Lampi at 713.558.2647 or AmyL@tuts.com for additional information on beneficiary designations and how they can help support Theatre Under the Stars with our mission.

  2. Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.

  3. If you name Theatre Under the Stars in your plans, please use our legal name and federal tax ID.

Legal Name: Theatre Under The Stars
Address: Houston, TX
Federal Tax ID Number: Please contact us for our federal tax ID number.

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.

PLANNED GIVING

POPULAR WAYS TO GIVE

• Wills and Living Trusts
• Beneficiary Designations

GIFTS THAT PROVIDE INCOME

• Charitable Remainder Trusts

MORE WAYS TO GIVE

• Charitable Lead Trusts
• Real Estate
• Memorials and Tribute Gifts
• Endowed Gifts

The Young Society
For Professional Advisors

Amy Lampi
Phone: 713.558.2647
Fax: 713.558.2650
Email: AmyL@tuts.com
800 Bagby, Ste 200
Houston, TX 77002