Retained Life Estate

  • Gift of real estate while retaining the right to live there for lifetime or term of years.
  • This is best for those who have decided to leave their property to the Foundation.
  • Benefits – remove assets from taxable estate, income tax charitable deduction, avoid capital gain tax on transfer, retain lifetime use of property and knowing that your assets are making a difference for the chapter.
  • You can fund this with your personal residence or a farm.