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·  Retained life estates  ·  Unitrusts  ·  Bargain sales

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More about Gifts of Real Estate

Gifts of real estate frequently save you thousands of dollars in income, estate, and capital gains taxes. Woodland Healthcare Foundation accepts gifts of residential, commercial, or undeveloped real estate. You can receive a charitable income-tax deduction, based on the fair market value of the property, with no capital gains liability for the transfer.

You can donate real estate to Woodland Healthcare Foundation in several ways:

• As an outright donation;
• As the donation of a fractional interest in the property;
• As the asset to fund a gift plan that increases your cash flow, such as a charitable unitrust
• By donating your home, while at the same time reserving the right to continue living there for your lifetime or for the lifetime of someone else such as a spouse or sibling. Learn more about retained life estate

When you are considering a gift of real estate, please consider:

1. Woodland Healthcare Foundation must review your offer and evaluate the condition and marketability of the proposed real estate to determine that the donation is risk-free and appropriate for all parties.
2. The IRS requires donors of real estate to secure an independent appraisal to establish the fair market value of the property. Woodland Healthcare Foundation can assist you in following IRS procedures.

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