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Retained Life Estates
How it works
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You transfer your residence, farm, or vacation home to Wayne Presbyterian Church subject to a life estate.
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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.
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The property passes to Wayne Presbyterian Church when your life estate ends.
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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 Wayne Presbyterian Church later.
More
Your interest in planned giving to Wayne Presbyterian Church is greatly appreciated. If you would like to learn more about retained life estates, please contact Rev. Steven Harberts, Associate Pastor at stharberts@waynepres.org or (610) 688-8700; or the Chair of the Planned Giving Committeee, M. Parker Blatchford at mpblatchford@aol.com or (610) 688-9030; or complete the Information Request Form.
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