Retained Life Estate
How it Works
- You transfer the title to your residence, farm, or vacation home to Carleton College and live there for the rest of your life.
- Continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
- The property passes to Carleton when your life estate ends.
Benefits
- You can give us a significant asset but retain the security of using it for the rest of your life.
- 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 may receive an additional income tax deduction.
Next
- More details about Retained Life Estates.
- Frequently asked questions about Retained Life Estates.
- Contact us so we can assist you through every step.
- Quick Link to a Gift
Gifts Anyone Can Afford
Gifts from Your Will or Trust Gifts of Stock or Appreciated Assets Gifts of Real Estate Gifts of Personal Property Gifts of Retirement PlansGifts That Pay You Income
Charitable Gift Annuity Deferred Gift Annuity Charitable Remainder Annuity Trust Charitable Remainder UnitrustGifts That Protect Your Assets
Retained Life Estate Charitable Bargain Sale Charitable Lead Trust - Features
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