Major Gifts
Life Estate Agreements
Through a life estate agreement, you can transfer the title to your home or property to The Able Trust and retain full rights to enjoy the property for life. In addition, you are also entitled to profits from any business or farm on the property.
Even though you remain in the home, the IRS offers you a charitable deduction for the full property value in the year of the donation. Furthermore, your home is protected from creditors. No future medical bills or unforeseen crises can cause eviction. Best of all, you'll have the satisfaction of knowing that a place which was so special to your family will benefit people with disabilities served by The Able Trust.
Contact The Able Trust's planned giving office to discuss your options by clicking here.