Retained Life Estate

You may desire to leave your home to Punahou School at your death, but would like to receive a charitable tax deduction now.

A Retained Life Estate might offer the solution you need!

Retained Life Estate

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Life Estate

Life Use

Punahou

How a Retained Life Estate Works

You can deed your home to Punahou School but keep the right to use the property for the rest of your life. You will be able to make a gift to Punahou School and maintain use of your home.

Benefits of a Retained Life Estate

1. You receive a federal income tax deduction for the present value of the remainder interest in your home.
2. You preserve your lifetime use and are able to use and control the home while you are alive.

Retained Life Estate Details

• The life estate can last for your life or your life and another person's life.
• It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
• You will be responsible for the maintenance, insurance and taxes on the property.