How It Works
You transfer your residence, farm, or vacation home to Brunswick subject to a life estate.
You continue to live in the property for life or a specified term of years, while continuing to b responsible for all taxes and upkeep.
The property passes to Brunswick 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 can have the satisfaction of making a significant gift now that benefits Brunswick later.
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FOR MORE INFORMATION
If you are considering a retained life estate gift, email us, complete the personal illustration form, or call us at 203-625-5864 so that we can assist you through every step of the process.
