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Legal Name: Peddie School

Peddie's Tax ID: 21-0634492

Date of incorporation: June 23, 1879

Address: 201 South Main Street, Hightstown, NJ 08520-3349

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Retained Life Estate

RLE Diagram

How It Works

  • You transfer the title to your residence, farm, or vacation home to Peddie School 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 Peddie School when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property 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 OR you and Peddie School may jointly decide to sell the property and prorate the sale proceeds.


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