Retained Life Estates (Living in a Charitable Deduction)
How it works
You transfer your residence, farm, or vacation home to Roman Catholic Diocese of Albany 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 Diocese 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 Diocese later.
For more information
Email us, complete the personal illustration form, or call us at 518-453-6676 so that we can assist you through every step of the process.
Development and Stewardship Office Roman Catholic Diocese of Albany 40 North Main Avenue Albany, NY 12203
518-453-6676 | Fax:
E-mail: nicole.pezzulo@rcda.org
