Gifts of Retained Life Estate

How it works

  1. You transfer your residence, farm, or vacation home to OLT subject to a life estate.
  2. 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.
  3. The property passes to OLT 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 OLT later.

Orient Land Trust is a nonprofit land trust
dedicated to the preservation of Valley View Hot Springs (VVHS) and its viewshed—
including natural and biologic resources, agricultural lands, wildlife habitat,
open space, and historic and geologic features of the northern San Luis Valley—
for the education and enjoyment of current and future generations.