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Retained Life Estate

Your home is your biggest asset, but did you know you can use it to make a gift to us and still live there?

 


How It Works

  • You transfer the title to your residence, farm, or vacation home to The Holton-Arms School and live there for the rest of your life.
  • Continue to live in the property or use it for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to Holton-Arms when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property 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 OR you and Holton-Arms may jointly decide to sell the property and prorate the sale proceeds.