Retained Life Estates
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How it works
 | You transfer your residence, farm, or vacation home to South Kent School 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 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 the 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 (860) 927-3539 x207 so that we can assist you.