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Retained Life Estate
How it Works- You transfer your residence, farm, or vacation home to Delco Memorial Foundation subject to a life estate.
- You 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 Delco Memorial Foundation 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.
Please contact us so that we can assist you through every step of the process.
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