Real Estate—Gift of Personal Residence or Farm with Retained Life Estate

How Does It Work

1. Transfer title to personal residence or farm to Drexel
   
   
2. Drexel allows you (and spouse) to remain in residence for life
   
   
3. You (and spouse) occupy and maintain residence
   
   
4. Drexel uses or sells property after your death(s)
   
   

Benefits

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

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