Gifts of Remainder Interest
You can make a gift of your residence, vacation home or farm, while retaining the use of the property as long as you live. By giving the remainder interest in your home and retaining a life estate, you can make a gift of your home but have the security of knowing you can live there as long as you like.
Benefits of Remainder Interests
- You can make a significant impact on the future of Texas Woman’s University.
- You receive an immediate income tax deduction for the present value of the remainder interest in your home.
- You continue to live in your home, take care of it, pay taxes and even receive any income it generates.
- At your death, your home passes immediately to the Texas Woman’s University Foundation, outside of probate, possibly saving some unnecessary expenses and delays.