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Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title to personal residence or farm to The Valley Hospital Foundation
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. The Valley Hospital Foundation keeps or sells property after your death(s)

Benefits

  • No out-of-pocket cost for substantial gift to The Valley Hospital Foundation
  • Federal income-tax deduction for remainder value of your residence or farm
  • You (and spouse) can occupy residence for life

 

Contact Us

Bettina Daly
Director, Gift Planning
201-291-6193
bdaly2@valleyhospitalfoundation.org

The Valley Hospital Foundation
4 Valley Health Plaza
Paramus, NJ 07653

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