Retained Life Estate
By giving your home to Palm Healthcare Foundation through a Retained Life Estate you can continue to enjoy the use of your residence and receive a charitable deduction in the year of the gift. In addition to the right to live in the home, you retain the right to rent it or make improvements. You continue to have the responsibility for maintenance, insurance and property taxes. At the end of your lifetime and that of a survivor, Palm Healthcare Foundation will receive the property outright. If you no longer want to live in a residence, it can be transferred to charitable remainder trust and provide you with income for life.