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Retained Life Estates
Click Here for Detailed
Explanation
How It Works
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You transfer your
residence, farm, or vacation home to Eckerd College subject
to a life estate. |
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You continue to
live in the property for life or a specified term of years, while
continuing to be responsible for all taxes and upkeep. |
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The property passes
to Eckerd College when your life estate ends. |
Benefits
- You receive gift credit and 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 take an additional income tax deduction.
- You can have the satisfaction of making
a significant gift now that benefits Eckerd College later.
More
For more information
If you are considering a retained life estate gift, email us,
complete the personal illustration form,
or call us at (727) 864-8229 so that we can assist you through
every step of the process.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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