Retained Life Estate
A retained life estate is a unique opportunity to support the mission of Indian River Lakes Conservancy (IRLC) while maintaining the use of your property for your lifetime.
By deeding your property to IRLC, you ensure its preservation for generations to come, while still retaining the right to live there or use it as you wish during your lifetime.
Benefits
Preservation
Your generous donation ensures that the land you cherish remains protected and conserved by IRLC, safeguarding its natural beauty and biodiversity for future generations.
Tax Advantages
By donating your property through a retained life estate, you may qualify for significant tax benefits, including income tax deductions and potential reductions in estate taxes.
Flexible Usage
While IRLC gains ownership of the property upon your passing, you retain the right to use and enjoy it during your lifetime, providing you with peace of mind knowing that your legacy will be preserved.
How it Works
Deed Transfer
You transfer the title of your property to IRLC, establishing a charitable gift while retaining the right to use the property.
Lifetime Usage
You maintain the right to occupy, lease, or otherwise use the property for the duration of your life or a specified term.
Legacy Preservation
Upon your passing or the end of the specified term, IRLC gains full ownership of the property, ensuring its continued protection and conservation.
By establishing a retained life estate with Indian River Lakes Conservancy, you leave a lasting legacy of conservation and stewardship for future generations to enjoy. Contact Wylie Huffman at jwhuffman@indianriverlakes.org today to learn more about how you can make a difference through this impactful giving option.