St. Joseph's Preparatory School

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Retained Life Estate

Click Here for Detailed Explanation

How It Works

You transfer your residence, farm, or vacation home to St. Joseph's Prep 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 Prep 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 the Prep later.

More


For more information

If you are considering a retained life estate gift, email us, complete the personal illustration form, or call us at 215-978-1003 so that we can assist you through every step of the process.

Development Office   |   1620 Cabot St.   |   Philadelphia, PA 19130   |   p: 215-978-1003   |   f: 215-765-1750

St. Joseph's Preparatory School   |   1733 West Girard Avenue   |   Philadelphia, PA 19130   |   p: 215-978-1950   |   f: 215-765-1710

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John Anderson
Vice President for Development
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