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You may desire to leave your home or farm to Bethel University at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.
If you have been so generous as to include a life estate reserved to Bethel University as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
Life Estates Work for Spouses, TooThe life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
Mortgage DebtIt is possible for you to make a gift of your property even though there is a mortgage upon the residence.
Maintenance IssuesYou will be responsible for the maintenance, insurance, and taxes on the property, just as you were prior to creating the life estate.
Life Estates Are FlexibleIf, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).
Join us in raising the next generation of faith-filled leaders and adventurous Christ-followers. Your legacy gift will have a lasting impact for generations to come.