Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram

How It Works

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

Benefits

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

More Information

Contact Us

Nancy Uzo
VP Public Affairs
Tel: (631) 476-2723
Email: nuzo1@northwell.edu

 

Mather Hospital
75 North Country Road
Port Jefferson, NY 11777

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