Real estate gift
Without the support of our generous circle of givers, PacRep could not withstand the "whips and scorns of time."
Three ways to give real estate
- A current gift or bequest
A life income agreementA gift with retained life use
When to consider one
- You own property you no longer need, that is expensive to maintain or unproductive, such as a vacation home, farm or land.
- You own highly appreciated property that would generate a large capital gain if sold.
- You own a rental or commercial property that has become a management problem or is not earning enough.
- You are thinking of selling your home and moving to a smaller home or retirement facility.
- You would like lifetime income from your property.
Advantages of a current gift
- Possible avoidance of capital gains tax on highly appreciated property
- An immediate income tax deduction
- Possibly reduced future estate taxes
- No more management concerns or property taxes
- Substantial current support for a cause that is important to you
- Membership in the Encore Circle, the community of PacRep supporters who have made similar provisions in their estates.
Advantages of a retained life use gift
- You can remain in your house as long as you and your spouse are alive (you continue to pay taxes and upkeep).
- Possible avoidance of capital gains tax
- An immediate income tax deduction
- Possibly reduced estate taxes
- Membership in the Encore Circle, the community of PacRep supporters who have made similar provisions in their estates.
How do I make one?
A current gift can be made by transferring title to PacRep. A bequest, life income agreement or retained life use requires an attorney knowledgeable in estate planning; we can help you find one.
We make no claims regarding the accuracy of this information or the tax consequences of your use of it. Please consult your own tax, legal or financial planning advisor.