A retained life estate is where you retain the right to live in or use the property for the remainder of your lifetime (i.e., a “life estate”). Upon your death, the property is transferred to us, avoiding the delay and expense of probate. A current income tax charitable deduction is allowed for your gift.

Please contact us to review key considerations such as options available should you no longer wish to live on or use the property. For example, you may later donate your life estate outright or in exchange for a lifetime income, entitling you to another income tax charitable deduction.