You may desire to leave your home or farm to Fuller at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.
Life Estates Work for Spouses Too — The life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
Mortgage Debt — It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
Maintenance Issues — You will be responsible for the maintenance, insurance and taxes on the property, just as you were prior to creating the life estate.
Life Estates Are Flexible — If, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).
To learn how you can make a current or legacy gift to Fuller,
please contact us at 626.792.3232 or firstname.lastname@example.org.