Answers to Your Prospects' Questions: Retained Life Estates

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	1.	What are the benefits of a gift of securities? First, you'll receive a charitable income tax deduction equal to the fair market value of the shares, no matter what you originally paid for them. Second, you will pay no capital gains tax on the transfer. This combination of benefits makes giving appreciated securities a very rewarding charitable and financial plan. (Our handy Planned Giving Pocket Guide describes all planned gifts.)
	2.	What are the benefits of a retained life estate? Even though you haven't moved out, you'll receive an immediate charitable deduction based on the fair market value of the property (minus the present value of your future tenancy there). You pay no rent for your ongoing use of the property. You can make a significant gift with what may be the most valuable asset you own, without disturbing your living arrangements or your cash flow. You can terminate your life estate at any time and take an additional income tax deduction.

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Answers to Your Prospects' Questions: Retained Life Estates

What are the benefits of a gift of securities?

What are the benefits of a retained life estate?

Ask Brian