About This Gift
Give a gift of your real estate to the association, while continuing to live in and/or use the property during your lifetime. If the property is a long-term asset (held for over one year), you may receive an income tax deduction based on the appraised value. The proceeds on the sale of the estate after tenancy terminates will help fund the fight against sexual exploitation.
How It Works
1. You transfer your residence, farm, or vacation home to the National Center on Sexual Exploitation subject to a life estate.
2. 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.
3. The property passes to NCOSE when your life estate ends.
Benefits
· You receive 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 gift now that benefits NCOSE later.
Contact us
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.