Retained Life Estates

How it works

	You transfer your residence, farm, or vacation home to the University of Pennsylvania 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 Penn 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 have the satisfaction of making a significant gift now that benefits Penn later.

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.