Retained Life Estates

How it works

	You transfer your residence, farm, or vacation home to Volunteers of America 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 Volunteers of America 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 have the satisfaction of making a significant gift now that benefits Volunteers of America later.