Residual Interest Gifts of Homes
Can you donate the residual interest of a principal residence to charity? Absolutely! The question, however, is not can it be done, but should it be done. In most cases, the answer is no – especially for the charity. Structuring Options Let me address the structuring options first. It is possible to donate a home to charity with an intervening life (or term) interest. This means one or more persons….
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Estate Planning, Philanthropy/Charitable Giving, Trusts, Uncategorized