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Retained Life Estate

RLE Diagram

How It Works

  • You transfer the title to your residence, farm, or vacation home to Marie Selby Botanical Gardens and live there for the rest of your life.
  • Continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to Selby Gardens when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property for the rest of your life.
  • You receive an immediate income tax deduction for a portion of the appraised value of your property.
  • You can terminate your life estate at any time and may receive an additional income tax deduction OR you and Selby Gardens may jointly decide to sell the property and prorate the sale proceeds.

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Planned Giving Welcome Our Legacy Society Meet Our Donors
Ways of Giving Goals & Benefits Gifts Anyone Can Make Gifts That Pay You Income Gifts That Protect Your Assets
More Information For Professional Advisors Contact Us