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Retained Life Estates
Click Here for Detailed
Explanation
How It Works
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You transfer your
residence, farm, or vacation home to the Crohn's & Colitis Foundation subject
to a life estate. |
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You continue to
live in the property for life or a specified term of years, while
continuing to be responsible for all taxes and upkeep. |
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The property passes
to the Crohn's & Colitis Foundation when your life estate ends. |
Benefits
- You receive gift credit and an immediate
income tax deduction for a portion of the appraised value of your property.
- You can terminate your life estate
at any time and take an additional income tax deduction.
- You can have the satisfaction of making
a significant gift now that benefits the Crohn's & Colitis Foundation later.
More
For more information
If you are considering a retained life estate gift, email us,
complete the personal illustration form,
or call us at (212) 685-3440 ext. 7448 so that we can assist you through
every step of the process.
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