Retained Life Estate
How Does It Work
- Transfer title to personal residence or farm to the Georgia Tech Foundation
- The Georgia Tech Foundation allows you (and spouse) to remain in residence for life
- You (and spouse) occupy and maintain residence
- The Georgia Tech Foundation uses or sells property after your death(s)
Benefits
- No out-of-pocket cost for substantial gift to the Georgia Tech Foundation
- Federal income-tax deduction for remainder value of your residence or farm
- You (and spouse) can occupy residence for life
