Continue to live in the home you give
A retained life estate gift can allow you and a surviving beneficiary – usually a spouse – to remain in your home or on your farm throughout your lifetime. With such a gift, you deed the property to the Virginia Tech Foundation Inc. while you retain lifetime use.
Unlike a similar gift through your will, this option can give you an immediate income tax deduction.
This gift plan can also simplify the administration of your estate, freeing your heirs from the burden of selling the property. When you no longer need it, your gift will be used as you specify to support Virginia Tech.
Use our gift calculator to see how a retained life estate gift could work for you.
If you or your attorney have questions about a retained life estate or other gift, please email email@example.com, call 800-533-1144 or 540-231-2813, or contact a development officer for the area you wish to support.