Retained Life Estates
CLICK HERE FOR A DETAILED EXPLANATION
How it works
You transfer your residence, farm, or vacation home to KenCrest Centers 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 KenCrest Centers 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 KenCrest Centers later.
More
To learn more about retained life estates, Email us, complete the Information Request Form, or call us at (610) 825-9360 x210 so that we can assist you.
KenCrest Centers
502 West Germantown Pike
Suite 200
Plymouth Meeting, PA 19462
(610) 825-9360 x210