Retained Life Estate

Your home is your biggest asset, but did you know can use it to make a gift to us and still live there?

 


How It Works

  • You transfer the title to your residence, farm, or vacation home to The Hotchkiss School and live there for the rest of your life.
  • Continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to Hotchkiss when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property for the rest of your life.
  • You receive 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 may receive an additional income tax deduction OR you and Hotchkiss may jointly decide to sell the property and prorate the sale proceeds.


Plan-a-Gift ™

Our interactive Plan-a-Gift™ will recommend the best gift plan to meet your individual needs based on your age, goals and assets, and will help The Hotchkiss School at the same time.

Get Started

Contact Us

Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. I am here to help and will gladly discuss your needs, goals, and possible gift options.

Brent Alderman Sterste, Director of Gift Planning
baldermansterste@hotchkiss.org
(860) 435-3263
11 Interlaken Road
Lakeville, CT 06039-2141