Retained Life Estate
Perhaps you have considered making a gift of your personal residence or farm, but you would like to continue to use it during your lifetime. You could leave the property to Tech through your will, but what if you could use a charitable deduction now? Then the gift plan that may be best for you is called a retained life estate.
This gift can allow you to:
- make a significant commitment to Georgia Tech's future,
- receive a charitable deduction for Tech's remainder interest in your property, and
- continue to enjoy your residence or farm as usual.
Please contact Gift Planning if you are considering a retained life estate gift.
Real estate gifts can take some time, but are a great way of supporting Georgia Tech, and we'd be glad to discuss the details with you. With any gift of real estate, certain procedures must be followed regarding property appraisal and environmental inspection.