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Retained Life Estates

Living in a Charitable Deduction

How it works

You transfer your residence, farm, or vacation home to The Marshall University Foundation, Inc. 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 MU Foundation 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 MU Foundation later.