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Retained Life Estate
(Living in a Charitable Deduction)
How it works
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You transfer your residence, farm, or vacation home to Yale 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 maintenance costs. |
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The property passes to Yale when your life estate ends. |
Benefits
- You receive 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 Yale later.
For more information
Email us, complete the personal illustration form, or call us at 1 (800) 445-6086 so that we can assist you through every step of the process.