Retained Life Estates |
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How It Works
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You transfer your residence, farm, or vacation home to Northeastern University 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 Northeastern 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
significant gift now that benefits Northeastern later.
More
- Read more detail. Click here.
For more information
If you are considering a retained life estate gift, email us, complete the personal illustration form, or call us at (617) 373-2014 so that we can assist you through every step of the process.
Northeastern University
Office of Gift Planning
346 Richards Hall
360 Huntington Avenue
Boston,MA 02115-5000
(617) 373-2014 | Fax: (617) 373-5519
Gift planning content and Legacy Planner ©2008 VirtualGiving, Inc.