Retained Life Estate

The University of Idaho has the expertise and experience to accept gifts of all kinds of real estate. If you own a home or other property you no longer wish to occupy or manage, the University will work with you to market and sell it, or keep it for University purposes when it fits our mission. You can avoid the capital gains tax on the appreciated value, plus take a charitable deduction on the appraised, fair market value of the property.

A retained life estate (RLE) enables you to deed to the University of Idaho your home and continue to live there for the rest of your life. The University will own the home, but you will have full rights and responsibilities – just as you do now – to maintain it, pay the taxes, and generally take care of it. There is a mutual agreement at the outset as to what will be done with the home if you can't or don't wish to continue living there. You can also deed a farm to the University through a RLE. A charitable tax deduction will be given for the gift and there will be no probate or other hindrances that delay the gift following your passing. With a RLE, a significant gift of utmost value will be given to the University without disturbing your income or living arrangements.