UNC Asheville -- Development Office -- Gift Planning
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Julie C. Heinitsh
Assistant Vice Chancellor for Development
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Gift Planning

Retained Life Estates

Click Here for Detailed Explanation



How It Works

You transfer your residence, farm, or vacation home to The University of North Carolina at Asheville Foundation, Inc 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 the UNC Asheville Foundation, Inc. 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 the UNC Asheville Foundation, Inc. later.

More


For more information

If you are considering a retained life estate gift, email us, complete the personal illustration form, or call us at (828) 232-2430 so that we can assist you through every step of the process.


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Date last updated:  July 13, 2004
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