A Life Estate Contract is an agreement established by a donor to transfer a deed of real property to a charitable organization while reserving for himself/herself and/or someone else the right to live on or use the property for life. Charitable deductions for life estate contracts are limited to properties that are either personal residences or farms. If you are interested in setting up a life estate contract, you will need to consult with your attorney, accountant or other qualified professional for advice on estate and tax planning.
Please contact Brenda Cherpitel at (800) 274-2237, Ext. 4452 for more information regarding the AAFP Foundation Planned Giving opportunities.
Planned Giving & Legacy League
Life Estate Contract or Retained Life Estate
WHY DONATE TO THE AAFP FOUNDATION?
Supporting your Foundation means you believe in the power of family medicine and in the importance of helping others.
“The ultimate beneficiary...is the patients. Because all of this is to improve patient outcomes.”
Michael O. Fleming , MD
