Retained Life Estate

  • Gift of real estate while retaining the right to live there for lifetime or term of years.
  • This is best for those who have decided to leave their property to the fraternity.
  • Benefits – remove assets from taxable estate, income tax charitable deduction, avoid capital gain tax on transfer, retain lifetime use of property, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
  • You can fund this with your personal residence or a farm.