Retained Life Estate

This diagram represents how to make a gift of a retained life estate - a gift that protects your assets.

How It Works

You transfer the title to your residence, farm, or vacation home to Catholic Health - St. Catherine of Siena Hospital Foundation and live there for the rest of your life.
Continue to live in the property or use it for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
The property passes to Catholic Health - St. Catherine of Siena Hospital Foundation when your life estate ends.

Benefits

You can give us a significant asset but retain the security of using your property 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 OR you and Catholic Health - St. Catherine of Siena Hospital Foundation may jointly decide to sell the property and prorate the sale proceeds.

Next

Frequently asked questions about Retained Life Estates.
Contact us so we can assist you through every step.

The gift planning information presented on this site is intended as general. It is not to be considered tax, legal, or financial advice. Please consult your own personal advisors prior to any decision.

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