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Retained Life Estate

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Retained Life Estate

 

Click to play video which describes a gift of retained life estate

How It Works

  • You transfer the title to your residence, farm, or vacation home to Heritage Christian Services 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 Heritage Christian Services 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 Heritage Christian Services may jointly decide to sell the property and prorate the sale proceeds.


Corporate Office

275 Kenneth Dr., Suite 100
Rochester, NY 14623
T: (585) 340-2000
F: (585) 340-2006
TDD: (800) 662-1220

Regional Office

130 John Muir Dr., Suite 106
Amherst, NY 14228
T: (716) 743-2020
F: (716) 743-1838
TDD: (800) 662-1220

Are you or a loved one seeking support?

Call our office and ask for the resource advisor. Our staff can answer questions and suggest services that make sense for you or loved ones. Call (585) 340-2000 or (716) 743-2020

Heritage Christian Services, Inc. is an equal opportunity program provider and employer, and complies with Title VI of the Civil Rights Act of 1964 (“Title VI”) and the Americans with Disabilities Act (ADA). Learn more about Title VI here. HERITAGE CHRISTIAN SERVICES COMPLIANCE HOTLINE - Call (585) 340-5797 © Copyright 2020, Heritage Christian Services. All rights reserved. The Consolidated Appropriations Act (CAA), federal legislation passed in 2020, requires health plans to make provider cost information publicly available to members and plan participants. To maintain compliance with this mandate we are proving a link to Excellus’ website with Machine Readable Files (MRFs) which includes provider pricing and cost information for all fully insured group and individual plans, as well as self-funded group health plans. Learn more here.

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