Retained Life Estate

The gift that keeps you in your home

A retained life estate is a plan that allows you to donate a future interest in your home or farm to while retaining the right to live in it for the rest of your life.

As the creator of a life estate, you deed a future interest in your home or farm to , but retain the right to live in it for the rest of your life or a term of years. You may also use a vacation home to create this kind of gift.

While you retain the right to live on your property, you continue to be responsible for all routine expenses: maintenance fees, insurance, property taxes, repairs, etc. If you later decide to vacate your property, you may rent all or part of the property in cooperation with .

When your life estate ends, or you terminate your interest, can then use your property or the proceeds from the sale of your property for the purpose you designate.

WARNING: Consult your legal and tax advisors before making any material decisions based on this information.

Send me a Personal Illustration!

For more information

E-mail us, complete the Personal Illustration form, or call us at so that we can assist you.