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Gift Planning

Retained Life Estate

How it Works

You transfer your residence, farm, or vacation home to William & Mary 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 W & M 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.

Calculate your fixed income for this gift!

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More detail about retained life estates.
Frequently asked questions about retained life estates.
Contact us so we can assist you through every step.