A gift of real estate can include personal residences, vacation homes, rental property and farmland. You have a number of options for making a gift of real estate to PBS SoCal:
- You can make an outright gift and claim a tax deduction.
- You can give later through a gift in your will or revocable living trust.
- You can deed the remainder interest of your personal residence to PBS SoCal, retain the right to remain in the home for life and receive a tax deduction.
Through a gift of real estate, you can perhaps make a much larger gift than you otherwise thought possible, avoid income and estate taxes, and minimize or eliminate burdens placed on your loved ones.
Please consult with your professional advisor for advice on the full impact of your charitable gifts on your financial and/or legal circumstances.