Retained Life Estates

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How it works

  You transfer your residence, farm, or vacation home to the Archdiocese of Chicago 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 the Archdiocese of Chicago 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 have the satisfaction of making a significant gift now that benefits the Archdiocese of Chicago later.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about retained life estates, Email us, complete the Information Request Form, or call us at 312-655-7848 so that we can assist you.