Giving
WIU Home > Welcome to Gift Planning > What to Give > Real Estate > Retained Life Estate
Gift of Personal Residence or Farm with Retained Life Estate
How It Works
- Transfer title to personal residence or farm to Western Illinois University
- No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
- Western Illinois University keeps or sells property after your death(s)
Benefits
- No out-of-pocket cost for substantial gift to Western Illinois University
- Federal income-tax deduction for remainder value of your residence or farm
- You (and spouse) can occupy residence for life
Next Steps
© Pentera, Inc. Planned giving content. All rights reserved.
Connect with us: