A retained life estate gift allows you to donate your personal residence (including a vacation home) or farm but retain the right to use and enjoy the property for the rest of your life.

A life estate may be retained for one or more people or it may be retained for a term of years. All routine expenses (maintenance fees, property taxes, repairs, etc.) remain your responsibility. You receive estate tax benefits and income tax benefits in the year of the gift, which is when the property is irrevocably deeded to your local Sutter affiliate.

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Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for Sutter Health by Future Focus. Please report any problems to the Webmaster Revised: June 23, 2006 11:53