Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram

How It Works

  1. Transfer title to personal residence or farm to Mount Sinai
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. Mount Sinai keeps or sells property after your death(s)

Benefits

  • No out-of-pocket cost for substantial gift to Mount Sinai
  • Federal income-tax deduction for remainder value of your residence or farm
  • You (and spouse) can occupy residence for life

More Information

Contact Us

Planned Giving
plannedgiving@mountsinai.org
212-659-8500
Federal Tax ID Number: 115177

 

One Gustave L. Levy Place
Box 1049
New York, NY 10029

Back

© Pentera, Inc. Planned giving content. All rights reserved.
Disclaimer