Life Estate or Remainder Interest in Real Estate
What?
- Gift of residential real estate (home, land) to TRGT while retaining lifetime right to live there
Why?
- Provides federal and state income tax deductions
- Allows donor to live in their home, ranch or farm for the duration of their lifetime
- Real estate not subject to estate tax
- TRGT can be assured of future income to fund land conservation projects
Who?
- Those wishing to donate real estate in their will, but would like to receive the tax deduction now.
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For informational purposes only, and is not intended to be tax or legal advice. Prior to making a gift to TRGT, please consult a qualified financial advisor.
