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Financial Advisors' Information

A gift of a remainder interest in real estate can allow your client to retain the use of a primary residence, vacation home, or farm for life but also give away their after-death property rights now.

Such a gift yields a current federal income tax deduction based on the property’s appraised value and the owner’s life expectancy. We are able to provide the calculation of the deduction amount once the appraisal is completed.

We have certain due diligence requirements for any current or future real estate gift, so please contact us as early in the process as possible. We can help with the appraisal requirements, gift use agreement, deduction calculation, and other considerations.