Retained Life Estates

CLICK HERE FOR A DETAILED EXPLANATION

How it works

  You transfer your residence, farm, or vacation home to GBMC Foundation 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 GBMC 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 GBMC 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 443-849-3303 so that we can assist you.

GBMC Foundation
6701 North Charles Street
Baltimore,MD 21204
443-849-3303 | Fax: 443-849-3739
E-Mail: JJeppi@GBMC.org