Your act of generosity, our longevity
With planned giving, you can provide long-lasting support for the Sequoia Hospital Foundation while enjoying financial benefits for yourself.
Life Estate Reserved
You may desire to leave your home to the Sequoia Hospital Foundation at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
Life Estate Reserved
Home
Life Estate
Life Use
SHF
Benefits of a life estate reserved
- Receive a federal income tax deduction for the value of the remainder interest in your home
- Preserve your lifetime use and control of your home
- Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child
How a life estate works
- You deed your home to the Sequoia Hospital Foundation. The deed will include a provision that gives you the right to use your home for the rest of your life and that of any other life estate party named in the deed.
- You and the Sequoia Hospital Foundation sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
- When the owners of the life estate have passed away, your home will belong to the Sequoia Hospital Foundation. We will use or sell the property to further our charitable work.
Contact us
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.