Message Sent

Thank you for your inquiry. We will respond to you as soon as possible.

e-newsletter

Thank you for your interest in our e-newsletter. Our records indicate that you are already receiving our e-newsletter. If you have any further questions please contact us.

e-newsletter Preferences

Your e-newsletter settings have been saved.

Back to Giving Home Give Online

mute videopause video

Life Estate Reserved

You may desire to leave your home or farm to Millersville University Foundation at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!

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

How a life estate works

1. You deed your home or farm to Millersville University Foundation. 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 Millersville University Foundation 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 Millersville University Foundation. We will use or sell the property to further our charitable work.

Contact us

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