Gift of Personal Residence or Farm with Retained Life Estate

How It Works

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

Benefits

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