A gift plan under which the donor donates a personal residence (including a vacation home) or farm to charity but retains the right to life enjoyment. A life estate may be retained for one or more lives or it may be retained for a term of years. All routine expenses, such as maintenance fees, property taxes, and repairs, are the responsibility of the donor. The donor receives an income tax charitable deduction in the year of the gift for the present value of the charity's remainder interest, as well as estate tax benefits. Also called a Life Estate Agreement.
allows you to make a gift of a home or certain other real estate while retaining the use of the property for as long as you live.
The right to use property for life (usually a residence or a farm) after contributing the remainder interest to a charitable institution
a gift plan defined by federal tax law that allows a landowner to donate property to a government agency or land trust while retaining the right to live on it for the rest of their life, a term of years, or a combination of the two
a gift plan defined by federal tax law that allows you to donate your home or farm to Husson while retaining the right to live in it the rest of your life
a gift plan defined by federal tax law that allows you to donate your home or farm to West Wisconsin Land Trust while
A gift plan that allows an individual to donate a home or farm to St. Lawrence while retaining the right to live there for life.
The donor gives remainder interest in a personal residence, vacation home or farm, subject to the right to live in the home (or work the farm) for the lifetime of the donor and/or another person. Also known as Future Interest Property.
A gift plan defined by federal tax law allowing the donation of a personal residence (to include a vacation home) or farm with the donor retaining the right to life enjoyment. A life estate may be retained for one or more lives or it may be retained for a term of years. All routine expenses - maintenance fees, property taxes, repairs, etc. - are the responsibility of the donor. The donor receives income tax benefits in the year of the gift (the property is irrevocably deeded to the charity) and estate tax benefits.
A gift in which the donor conveys a property that qualifies as a personal residence to Goodspeed Musicals while retaining the right to live in the property during his/her life.
