Increase Font Size Decrease Font Size Print Page Contact The John F. Kennedy Center for the Performing Arts, the National Symphony Orchestra, or Washington National Opera

Retained Life Estate

RLE Diagram

How It Works

  • You transfer the title to your residence, farm, or vacation home to The John F. Kennedy Center for the Performing Arts, the National Symphony Orchestra, or Washington National Opera and live there for the rest of your life.
  • Continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to the Kennedy Center when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property for the rest of your life.
  • You receive 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 may receive an additional income tax deduction OR you and the Kennedy Center may jointly decide to sell the property and prorate the sale proceeds.

Next


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2017 VirtualGiving.com