There are many types of trusts to make the most of the legacy you've created. For example, you could establish a Charitable Remainder Trust by transferring your retirement assets to the Women's Fund of Western Massachusetts as the last beneficiary. The trust can provide payments for your spouse or another loved one for the rest of her/his life. After the death of your beneficiary, the assets remaining in the trust can be used by the Women's Fund to continue our work. There will be no estate or income taxes imposed on the assets at the time of the gift.

Note: This information is not intended as specific legal advice. Consult your attorney when considering any legal matter. State laws governing wills and contracts vary and are subject to change.