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Retained Life Estates
Retained Life Estates
A gift of your unused retirement assets can benefit you and your family and support LWVCO far into the future.
Gift features and benefits:
Preserve your lifetime use and control of your home or farm
Receive an immediate income tax deduction
Remove a taxable asset from your estate
Experience the satisfaction of making a significant gift now that benefits LWVCO later
How a life estate works:
You transfer the title to your residence, farm, or vacation home to The League of Women Voters of Colorado, reserving a life tenancy for yourself
A life estate may be retained for one or more lives (passed down through family) or it may be retained for a term of years
You are responsible for all routine expenses, maintenance fees, property taxes, repairs, etc
Your gift will provide you with income tax benefits in the year of the gift as well as estate tax benefits
The property passes to LWVCO when your life estate ends
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