You transfer your residence or farm to Stuart Country Day School of the Sacred Heart subject to a life estate.
You and/or another person you designate continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.
The property passes to Stuart Country Day School of the Sacred Heart when the life estate ends.
Benefits
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 take an additional income tax deduction.
You can have the satisfaction of making a significant gift now that benefits Stuart Country Day School of the Sacred Heart later.
