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Make An Impact Through A Planned Gift

With a Planned Gift you will make a long-lasting impact expanding the Gospel while experiencing financial benefits for you and your family.

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Giving Home > How to Give > Life Estate Reserved

Life Estate Reserved

You give your property to Global Christian Relief but retain the right to use the property during your lifetime. We receive the property when you pass away.

Benefits of a life estate reserved

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

Life estate reserved video

How a life estate works

  1. You deed your home or farm to Global Christian Relief. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
  2. You and Global Christian Relief sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the life estate have passed away, your home or farm will belong to Global Christian Relief. We will use or sell the property to further our charitable work.

Other considerations

  • Life Estates Work for Spouses Too—The life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
  • Mortgage Debt—It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
  • Maintenance Issues—You will be responsible for the maintenance, insurance and taxes on the property, just as you were prior to creating the life estate.
  • Life Estates Are Flexible—If, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).

Contact us

To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.