Gift of Personal Residence or Farm with Retained Life Estate
How it works
- Transfer title to personal residence or farm to 92NY
- No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
- 92NY keeps or sells property after your death(s)
- No out-of-pocket cost for substantial gift to 92NY
- Federal income-tax deduction for remainder value of your residence or farm
- You (and spouse) can occupy residence for life
Which Gift Is Right for You?
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