Retained Life Estate
Is this gift right for you?
A retained life estate is for you if…
- You want to use your residence to make a gift to Yale, but don't want to move out.
- You are willing to deed your home, vacation house, or farm to Yale if you can continue to live there rent-free.
- You can continue to maintain your home.
- Your home is not subject to a mortgage or other obligations.
- You do not need the funds that would be generated by selling the property.
- You wish to reduce your estate taxes.