How Does It Work

1. Transfer title to personal residence or farm to Southwestern University
   
2. Southwestern University allows you (and spouse) to remain in residence for life
   
3. You (and spouse) occupy and maintain residence
   
4. Southwestern University uses or sells property after your death(s)
   
   

Benefits

• No out-of-pocket cost for substantial gift to Southwestern University
  
• Federal income-tax deduction for remainder value of your residence or farm
  
• You (and spouse) can occupy residence for life
  

Next Steps

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• I’d like to see a detailed description of this gift
• I’d like to have a confidential conversation with a gift-planning
  officer about this gift plan or other options
• I’d like a personal calculation of this gift

Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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