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Retained Life Estates How it works  | You transfer your residence, farm, or vacation home to Christian Theological Seminary 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 CTS when your life estate ends. | Benefits - 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 CTS later.
More To learn more about retained life estates, Email us, complete the Information Request Form, or call us at (317) 931-2313 so that we can assist you. Contact:
Wayne Pruner
Director of Planned Giving
Phone: (317) 931-2313
Email: wpruner@cts.edu |
