Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram

How It Works

  1. Transfer title to personal residence or farm to the Catholic Community Fund
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. The Catholic Community Fund keeps or sells property after your death(s)

Benefits

  • No out-of-pocket cost for substantial gift to the Catholic Community Fund
  • Federal income-tax deduction for remainder value of your residence or farm
  • You (and spouse) can occupy residence for life

Next Steps

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