Retained Life Estate: The Details
You can deed your home, farm or vacation house, save taxes with a current deduction, and still use the property for the rest of your life.
Is this gift right for you?
A retained life estate may be for you if…
An attractive option for donating real estate is the retained life estate. This arrangement allows you to give your home to Anti-Defamation League Foundation while retaining the right to live there for the rest of your life.
You will continue to be responsible for its taxes, structural maintenance, insurance, and upkeep. ADLF has no rights to the property nor, by law, any obligations. We mutually agree up front about what we will do if you no longer wish to live in the house or become physically unable to continue living there.
You will receive a charitable deduction based on the fair market value of your home minus the present value of the estimated time you will live in the home. 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 ADLF without disturbing your income or your living arrangements.
The professionals at our Department of National Planned Giving, Legacy and Endowments will be happy to discuss your interests, concerns and financial options, and work personally with you and/or your legal and financial advisors to create a plan that meets your needs and supports the Anti-Defamation League Foundation.
For more information, please contact:
Director of National Planned Giving, Legacy and Endowments
Anti-Defamation League Foundation (ADLF)
605 Third Avenue
New York, NY 10158
This information is provided for educational purposes. The Anti-Defamation League Foundation and ADL are not financial, legal or tax advisors. Please contact your advisors regarding your financial, legal or tax needs.