Retained Life Estate

RLE Diagram

How it Works

  • You transfer your residence, farm, or vacation home to Exeter subject to a life estate.
  • You 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 Exeter when your life estate ends.

Benefits

  • You can give us a significant asset, but retain the security of using it 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.

Next: Tell me more...

Please contact us so that we can assist you through every step of the process.

Questions and Answers

Do I have any other option other than having the charity take possession of the house should I want to move out of the property prior to my death?

Who is responsible for building modifications, additions and custom items like a work shop, extra garage or swimming pools?

Can we move out and then back in?