Beneficiary Designation

Beneficiary Designations: A Simple Way to Leave a Legacy

One of the easiest ways to make a meaningful gift to St. Anthony of Padua is by naming our parish as a beneficiary on your accounts. This option does not require rewriting your will or trust. Instead, you simply complete a beneficiary designation form. These forms are free and easy to update at any time.

Assets for Beneficiary Designations

•Retirement Plans: IRAs, 401(k)s, 403(b)s, and other qualified plans.

•Life Insurance Policies: New or existing policies where the church is named as a primary or contingent beneficiary.

•Financial Accounts: Bank accounts (checking, savings, CDs) designated as "Payable on Death" (POD).

•Brokerage Accounts: Investment accounts, stocks, or mutual funds designated as "Transfer on Death" (TOD).

•Commercial Annuities and Donor Advised Funds (DAFs).

Benefits to You:

•You retain full ownership and control of your assets during your lifetime.

•You can change your designation at any time if your circumstances or intentions change.

•Your estate may receive potential tax benefits, since these gifts typically pass outside of probate.

•Every dollar from an IRA goes directly to St. Anthony which avoids income taxes for other beneficiaries of your estate.

•It is often as easy as completing a one-page form from your provider.

How It Works:

1.Request a beneficiary designation form from your provider.

2.List St. Anthony of Padua as a primary or contingent beneficiary for all or part of the account or policy. If listed, include below:

Address: 7801 Bay Branch Drive; The Woodlands, TX 77381

Employer Identification Number (EIN)/ Taxpayer Identification Number (TIN): 76-0545136

3.Return the form to your provider.

4.Your gift will be transferred directly to the parish after your lifetime, ensuring your legacy of faith continues.

For questions, please contact:

Joe Corona

Email: jcorona@ap.church

We encourage you to consult with your estate attorney, financial or tax advisor.