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Retained Life Estate

RLE Diagram

How it Works

  • You transfer your residence, farm, or vacation home via a property deed to the WVU Foundation subject to a life estate.
  • You continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to the WVU Foundation when your life estate ends.

Benefits

  • You can give us a significant asset, but retain the security of using it 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 because the property will then transfer to the Foundation.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

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