Gift of Personal Residence or Farm with Retained Life Estate

How It Works

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

Benefits

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

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