SUPPORTING LIVINGSTON
Real Estate

The best use of life is to invest it in something which will outlast life.

—William James

Real Estate 

Real estate is welcome as a gift to Livingston Memorial Visiting Nurse Association. You can give an outright gift of real estate and avoid capital gains tax on the sale of your appreciated property. You’ll receive a charitable income tax deduction for the entire fair market value of the property as appraised on the date of the gift.

Or you can gift your real property, e.g. rental unit, vacation home, vacant property, to a Charitable Remainder Trust which will provide a future gift to Livingston. This will avoid capital gains on the sale of an appreciated piece of property, and enable the full value to be put to work earning income for you and your spouse for the rest of your life. Payout rates average between 6-8% depending upon your age and personal choices, and generally far exceed your net income from maintaining a rental property.

A Retained Life Estate is an easy way to make a lifetime gift of a significant asset—your personal home—without relinquishing its use during your lifetime. A charitable income tax deduction may be claimed at the time you deed your property to Livingston and complete a simple agreement providing for your continued use and maintenance of the home for the rest of your life. No gift or estate tax is due on the residence, vacation home or farm given to Livingston Memorial Visiting Nurse Association.

For more information, please call Marc Wilde, CFRE, Development Director, at (805)642-0239 x603 or email mwilde@livingstonvna.org

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