plannedgivingGifts of Real estateDepending on the circumstances that are involved, gifts of real estate can be an effective means of planning a gift. Much of the individual wealth in America is invested in real estate. While the first thought often is a home or farm, real estate also can involve a vacation or second home, an apartment or commercial building, a shopping center, or undeveloped land. Each piece of property and its unique circumstances need to be reviewed to determine the suitability of the property as a gift. Generally speaking, a rule of thumb is that an acceptable piece of property is one that can be readily sold. There are many ways to donate property. It can be an outright gift, a bargain sale, a retained life estate, or placed in a trust. In any case, while we discuss some generalities here about donating real estate, if you are considering such a gift, please contact us. There can be significant benefits for you and Denver Botanic Gardens. For more information about planned giving options, or if you would like an illustration of life income to address your particular situation, please contact the Capital and Major Gift Manager at 720-865-3511 or e-mail development@botanicgardens.org. Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. The content in this Planned Giving section has been developed for Denver Botanic Gardens by Future Focus. Please report any technical problems to Future Focus webmaster. |
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