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Retained Life Estates
(Gift example*)
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 Jefferson 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
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Asset
Value |
$250,000 |
Charitable
Deduction |
$74,446 |
Click here to calculate the
benefits a retained life estate would give you.
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*This
example is based on a factor that changes monthly. Contact our office
for a personal illustration based on the latest rates. |
For more information
Email us, complete the personal illustration form, or call us at 215-955-8818 so that we can assist you through every step of the process.
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