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Real Estate—Gift of Personal Residence or Farm with Retained Life Estate

How Does It Work

1. Transfer title to personal residence or farm to the University of Michigan
   
   
2. The University of Michigan allows you (and spouse) to remain in residence for life
   
   
3. You (and spouse) occupy and maintain residence
   
   
4. The University of Michigan uses or sells property after your death(s)
   
   

Benefits

• No out-of-pocket cost for substantial gift to the University of Michigan
  
  
• Federal income-tax deduction for remainder value of your residence or farm
  
  
• You (and spouse) can occupy residence for life
  
  

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Office of Planned Giving
University of Michigan Office of University Development
734-615-2022 • toll free 866-233-6661 • Contact Us
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