- You and/or another person retain use of your residence throughout your lifetime
- You receive income tax savings through your charitable donation
- You can gift partial interest and still receive tax advantages
Imagine donating your home, receiving all the tax advantages and living there for the remainder of your lifetime. This almost sounds too good to be true. It is called a retained life estate.
A gift of your home, vacation home, farm or condominium, irrevocably given to the Congregation of the Sisters of Saint Joseph of Boston, can result in a charitable deduction on your income tax.
A retained life estate allows someone other than you or your spouse to have life occupancy without the associated estate tax payments.
There are many ways of making a meaningful contribution to the Congregation of the Sisters of Saint Joseph of Boston.