Retained Life Estate
(Living in a Charitable Deduction)
How it works
 You transfer
your residence, farm, or vacation home to MDA 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 MDA 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 MDA later.
For more information
Email
us, complete the personal illustration form,
or call us at 800-223-6011 so that we can assist
you through every step of the process.
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