Retained Life Estates

CLICK HERE FOR A DETAILED EXPLANATION

How it works

  You transfer your residence, farm, or vacation home to the Community College of Baltimore County subject to a life estate.

  You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.

  The property passes to the Community College of Baltimore County when your life estate ends.

Benefits

• You receive gift credit and an immediate income tax deduction for a portion of the appraised value of your property.
• You can terminate your life estate at any time and take an additional income tax deduction.
• You have the satisfaction of making a significant gift now that benefits the Community College of Baltimore County later.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about retained life estates, Email us, complete the Information Request Form, or call us at 410.285.9548 so that we can assist you.

The Community College of Baltimore County
7200 Sollers Point Road
Baltimore, MD 21222
410.285.9548 | Fax: 410.285.9988