Retained Life Estates




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How it works

You transfer your residence, farm, or vacation home to Children's Memorial Foundation 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 Children's Memorial 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 Children's Memorial later.

For more information

Email us, complete the personal illustration form, or call us at 773-880-4237 so that we can assist you through every step of the process.