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Designate & Donate
Retained Life Estate
How It Works
- You transfer the title to your residence, farm, or vacation home to Africa University and live there for the rest of your life.
- Continue to live in the property or use it for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
- The property passes to Africa University when your life estate ends.
- Note: Most gift intentions are on a case-by-case basis.
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 Africa University may jointly decide to sell the property and prorate the sale proceeds.
Download a brochure on this topic:
Next
- More details about Retained Life Estates.
- Frequently asked questions about Retained Life Estates.
- Contact us so we can assist you through every step.
The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.
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