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Gift example
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Retained Life Estates
(Gift example*)

You have always loved your home and have no plans to move from it. It has appreciated significantly since you bought it, and today it is the largest asset in your estate. You are considering a gift to Penn in memory of your sister but cannot locate an asset that you can part with comfortably.

You decide to donate your house to us, retaining a life estate for yourself and your spouse. You have secured an independent appraisal stating that your house is worth $250,000. The mortgage has been paid off.

Here are the benefits of this gift:

Husband and Wife, 70 and 68

Asset Value

$250,000

Charitable Deduction

$74,446

Click here to calculate the benefits a retained life estate would give you.

*This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates.

For more information

Email us, complete the personal illustration form, or call us at (800) 223-8236 so that we can assist you through every step of the process.