Through a retained life estate, you transfer ownership of your home or farm to Princeton, while retaining the right to live in the property.

There are several good reasons to consider this kind of gift:
  • You receive an income tax deduction in the year of the gift, based on your age and the value of the property.

  • You can avoid family disputes over the future use and ownership of your home.

  • You can avoid family disputes over the future use and ownership of your home.
  • You can make a significant gift to Interfaith University and support a project or program that is important to you without giving up liquid assets.
  • Giving real estate during your lifetime can simplify the estate settlement process: executors are relieved of any costs, expenses, and delays that can be involved in a transfer of real property at death.
  • A retained life estate gift reduces your estate taxes by removing your property from your taxable estate.
  • You can choose to move out of your home, which can either increase the tax deduction you can take during your lifetime or provide you with a payment for the value of your remaining life interest.