Other Ways to Give - Gifts Real Property Subject to Life Estate Your personal residence or farm may be the single most valuable asset you own. If it has appreciated significantly in value, you could owe tremendous capital gains taxes if you or your heirs sold the property. An alternative is to give the property to the PSOET subject to life estate, which simply means that you or your designees retain the use of the property for life. You gain an immediate tax deduction for the remainder interest in the property, and you escape the potential capital gains taxes. Best of all, you get to make a substantial gift to the School without disrupting your lifestyle. Gifts of this kind require detailed language tailored to your specific situation and needs, and the advantages and benefits vary accordingly. The Purdue School of Engineering and Technology's Development staff will be happy to work with you and your advisers to help you arrange the best plan for you. Features & Benefits: Opportunity to make a substantial gift to the Purdue School of Engineering and Technology while retaining lifetime use Immediate tax deduction Avoid capital gains taxes Estate tax and probate savings Can provide a favorable income tax position Other Ways to Give : Charitable Lead Trusts | Gifts of Real Property Subject to Life Estate | Wealth Replacement with Life Insurance Giving : Dean's Council | Ways to Give to PSOET | Basics | Outright Gifts | Life Income Plans | Other Planned Gift Arrangements | Wills and Estate Plans | Appreciation and Recognition [an error occurred while processing this directive] [an error occurred while processing this directive]