Retained Life Estate
(Living in a Charitable Deduction)
How it works
You transfer
your residence, farm, or vacation home to the Children's Healthcare of Atlanta subject
to a life estate.
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.
The property
passes to the Children's Healthcare of Atlanta 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 the Children's Healthcare of Atlanta later.
For more information
Email
us, complete the personal illustration form,
or call us at (404) 785-7346 so that we can assist
you through every step of the process.
Children's Healthcare of Atlanta Foundation, Inc.
1687 Tullie Circle NE
Atlanta, GA 30329
(404) 785-7346 | Fax: (404) 785-7355