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You have always loved your home and have no plans to move
from it. It has appreciated significantly since you bought it, and today it
is the largest asset in your estate. You are considering a gift to The Nature Conservancy in
memory of your sister but cannot locate an asset that you can part with comfortably.
You decide to donate your house to us, retaining a life estate
for yourself and your spouse. You have secured an independent appraisal stating
that your house is worth $250,000. The mortgage has been paid off.
Here are the benefits of this gift:
| Husband and Wife, 70 and 68 |
Asset
Value |
$250,000 |
Charitable
Deduction |
$74,446 |
*This
example is based on a factor that changes monthly. Contact
our office for a personal illustration based on the latest rates.
Calculate the benefits of a retained life estate. |
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