Retained Life Estate
How it Works
- You transfer the title to your residence, farm, or vacation home to Keuka 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 Keuka 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.
- Office: Ball 127
- Hours: 8 a.m. - 5 p.m.
- Phone: (315) 279-5262
- Fax: (315) 279-5338
- E-mail: giving@keuka.edu
This page was printed on 07/19/2011 from
