Gift of Personal Residence or Farm with Retained Life Estate

How It Works

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

Benefits

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

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