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Retained Life Estates

CLICK HERE FOR A DETAILED EXPLANATION

How it works

  You transfer your residence, farm, or vacation home to Nyack College subject to a life estate.

  You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.

  The property passes to Nyack when your life estate ends.

Benefits

  • You receive gift credit and 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 take an additional income tax deduction.
  • You have the satisfaction of making a significant gift now that benefits Nyack later.

More

To learn more about retained life estates, Email us, complete the Information Request Form, or call us at (845) 675-4428 so that we can assist you.




Nyack College
1 South Blvd.
Nyack,NY 10960
(845) 675-4428 | Fax: (845) 727-4127




2008 Nyack College and Alliance Theological Seminary. Click here for technical assistance.
1 South Boulevard Nyack, NY 10960 | 845.358.1710
335 Broadway/93 Worth St. 10th Floor New York, NY 10013 | 212.625.0500