Gift Annuity for Real Estate
Skeeter and Oleta bought 15 acres of land and built the home of their dreams many years ago. The value of their property has steadily increased. With no children of their own, they developed a commitment to the children of Foster's Home. Skeeter and Oleta wanted to accomplish several objectives with their property.
- Bypass capital gains
- Ensure future income
- Keep the security of a place to live
- Maximize a charitable deduction
With Skeeter's passing, Oleta continues to live in their home, enjoying guaranteed income, the security of a residence, and the comforting knowledge of helping children for generations to come. All of this was accomplished with a gift annuity for home agreeement.
