Retained Life Estates
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How it works
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You transfer your residence, farm, or vacation home to Asheville School 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 Asheville School 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 Asheville School later.
More
- Is this gift for you? Click here.
- Read more detail. Click here.
To learn more about Retained Life Estates, Email us, complete the Information Request form, or call us at 828-254-6345 ext. 4084 so that we can assist you.
