Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title to personal residence or farm to UT Health Sciences
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. UT Health Sciences keeps or sells property after your death(s)

Benefits

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

 

Contact Us

Bethany K. Goolsby, JD
Associate Vice Chancellor for Development
(901) 448-8212
bgoolsby@uthsc.edu

The University of Tennessee
Health Science Center
62 S. Dunlap, Suite 500
Memphis, TN 38163

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The University of Tennessee Foundation Inc., is the preferred channel for all private contributions that benefit students and faculty within the UT System.