Retained Life Estate
(Living in a Charitable Deduction)

How it works

You transfer your residence, farm, or vacation home to Furman University subject to a life estate.

You 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 Furman University when your life estate ends.

Benefits

• You receive gift credit and 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 Furman University later.

For more information

Email us, complete the personal illustration form, or call us at 864-294-3461 so that we can assist you through every step of the process.