A retained life estate 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 satisfaction of giving, as well as a charitable income tax deduction, is enjoyed now rather than later. You continue to take care of the property and pay the taxes, but because you have made a gift of the property, it does not pass through your probate estate at death, possibly saving unnecessary expenses and delays.
The satisfaction of giving, as well as a charitable income tax deduction, is enjoyed now rather than later.
If you have any questions about making a gift, please contact us.
Weekdays between 8:00 am and 4:30 pm CST : (903) 923-2068
Or send your questions by email to:
email@example.com (Catherine Crawford, Vice President for University Advancement)
firstname.lastname@example.org (Dane Fowlkes, Director of Major Gifts)
email@example.com (Paul Tapp, Director of Alumni Development)