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Life Estate

A life estate is an agreement where you would transfer ownership of your personal residence or farm to DHMC today and retain the right to live there for your lifetime or a term of years. You will continue to pay any maintenance costs, property insurance, and taxes just as you do today. Upon establishing this gift, you will be entitled to a charitable income tax deduction. DHMC will then be able to use or sell the property after your death or the term of years agreed upon. 

Of course, you could bequest your residence to DHMC through your will, but you would not receive the immediate charitable income tax deduction available with a life estate agreement.

For more information, e-mail the DHMC Office of Gift Planning or call us toll free at (866) 272-1955.