Retained Life Estate
You can donate your home to AARP Foundation and continue to live there rent-free.
How it Works
- You transfer your residence, farm, or vacation home to AARP Foundation subject to a life estate.
- You continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
- The property passes to AARP Foundation when your life estate ends.
Benefits
- You can give us a significant asset, but retain the security of using it for the rest of your life.
- You receive 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 may receive an additional income tax deduction.
Next
- More detail about retained life estates.
- Frequently asked questions about retained life estates.
- contact the Gift Planning Team so we can assist you through every step.
contact GIFT PLANNING
We can help you create a personalized gift that best suits your needs and goals. Request information
Meet the members of the Gift Planning team and contact them with questions or comments. Contact the Gift Planning team
The material presented on this website illustrates general concepts and ideas in charitable
gift planning, but is not offered as professional estate planning, legal or tax advice.
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