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How it Works

• You transfer your residence, farm, or vacation home to Yale subject to a life estate.
• You continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
• The property passes to Yale when your life estate ends.

Benefits

• You can give us a significant asset, but retain the security of using it for the rest of your life. 
• 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 may receive an additional income tax deduction.

Next

• More detail about retained life estates.
• Frequently asked questions about retained life estates.
• Contact us so we can assist you through every step.