Conrad Teitell Charitable Remainder Gifts of Personal Residences: Tax Smart
This is an especially opportune time for individuals considering giving their personal residences to charities by will to consider giving the residences to charities now, but retaining life enjoyment. They'll get significant income tax savings now for property that goes to charity at death, writes Estate Planning and Philanthropy columnist Conrad Teitell.
August 21, 2020 at 01:55 PM
5 minute read
There was an old woman who lived in a shoe. Had that been her personal residence, she could give a remainder interest to a charity and continue to live in her residence for her life.
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