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Retained Life Estate
(Living in a Charitable Deduction)

How it works

You transfer all or a portion your residence, farm, or vacation home to Berkeley 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 Berkeley 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 can have the satisfaction of making a significant gift now that benefits Berkeley later.
  • The asset is no longer part of your taxable estate and passes directly to Berkeley.

For more information

Email us, complete the personal gift proposal form, or call us at 510-642-6300 so that we can assist you through every step of the process.








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