Have a home on Lake Champlain? What about a home or land somewhere else? Do you know what you want to do with that real estate once you and your family are gone?
By donating a life estate, you will be able to transfer ownership of real estate to the Lake Champlain Land Trust while maintaining the right to use the property and buildings until the end of your and your spouse’s life.
In exchange, you receive an immediate tax deduction, and the Land Trust will be able to protect the conservation assets of your real estate or sell the property to support other conservation efforts after your death.
If you would like more information regarding donating a life estate, or if you have any questions, please call Chris Boget, Executive Director, at (802) 862-4150 x 1 or email him at . We’d be happy to help you reach your goals.
Note: This information is not intended to be legal or financial advice, and should not be construed as such. We encourage all donors to seek professional financial planning, tax, and legal advice.
Top Photo: Brent Weigel
