Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram. Description of image is listed below.

How It Works

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

Benefits

  • No out-of-pocket cost for substantial gift to Life's WORC
  • Federal income-tax deduction for remainder value of your residence or farm
  • You (and spouse) can occupy residence for life

More Information

Contact Us

Planned Giving Administrator
516-741-9000, ext. 2100
plannedgiving@lifesworc.org

 

Life’s WORC
1501 Franklin Avenue
Garden City, NY 11530

Federal Tax ID Number: 23-7209731

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