Making a Planned Gift is Easier Than You Think. You Can Help Build a Better and Stronger Valley.

It’s your plan… it’s your legacy!

  • Leave a gift in your will or trust
  • Designate a nonprofit as a beneficiary of a portion of your IRA or other financial accounts
  • Give life insurance you no longer need
  • Give appreciated stock and save on taxes
  • Consider a gift of real estate
  • Donate your IRA required minimum distribution directly to a nonprofit and avoid taxes.*

Speak with your trusted professional financial advisor or call (203) 751-9162 to explore which planned-giving option is best for you.

*Must be 70½ years or older.

Retained Life Estate: The Details

Is this gift right for you?

A retained life estate is for you if…

  • You want to use your residence to make a gift today to your favorite Valley charity, but don't want to move out.
  • Your home is not subject to a mortgage or other obligations.
  • You are willing to deed your home, cabin, or farm to your favorite Valley charity if you can continue to live there rent-free.
  • You can continue to maintain your home.
  • You do not need the funds that would be generated by selling the property.
  • You wish to reduce your estate taxes.

An attractive option for donating real estate is the retained life estate. This arrangement allows you to give your home to your favorite Valley charity while retaining the right to live there for the rest of your life.

Ownership of your real estate will be transferred to your favorite Valley charity at a future date, yet you are entitled to an immediate tax deduction and retain the rights and obligations of ownership for life. You will continue to be responsible for its taxes, structural maintenance, insurance, and upkeep.

You will receive a charitable deduction based on the fair market value of your home minus the present value of the life tenancy you have retained. Additionally, any capital improvements, such as a new roof, may give rise to additional deductions.

With a retained life estate, you are able to make a significant gift to your favorite Valley charity without disturbing your income or your living arrangements.

Please contact us so that we can assist you through every step of the process.

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The material presented on this Planned Giving website is not offered as legal or tax advice.
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