Life Estate Gift

With a life estate gift, you can deed ownership of your personal residence, farm or vacation home now, but continue to live there during your lifetime.

When you transfer the property to Saint Thomas Health Fund, you receive a current federal income tax charitable deduction, while reserving a life estate for you and/or another person. This gift also permits you to avoid any potential capital gains tax on the built-in appreciation.

Benefits

• Tax deduction based on value of property
• Avoidance of capital gains tax
• Lifetime use of the residence

Learn More

• Sell the Farm without Losing the Residence