Let us assume you would like
the tax advantages that a charitable gift of real estate would
offer, but you want to continue living in your
personal residence for your
lifetime. Do you realize you can give us your home and continue
It is true! This type of gift
is called a retained life estate.
A gift of your home (including
a vacation home or condominium) or farm, with a reservation of the
right to use it for life, results in a charitable deduction on your
income tax return.