ou transfer your residence, farm, or vacation home to Wasatch Academy 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 Wasatch Academy when your life estate ends.
return to top
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 Wasatch Academy later.
Real Estate details page
More information on Charitable Bargain Sale
