Planned Giving: Retained Life Estate
You may give your personal residence, vacation home, rental home, or farm to Manchester University and continue use the property or live on the property for life. With a retained life estate, you receive an income tax deduction as well as potential capital gains and estate tax benefits. You continue to be responsible for maintaining, insuring, and paying property taxes during your lifetime.
This type of gift can be an important part of a successful estate planning strategy. As with any gift of real estate, working with our office will maximize your giving options and opportunities.
For more information, contact:
Stephen Thomas, director of gift and estate planning