Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram. Description of image is listed below.

How It Works

  1. Transfer title to personal residence or farm to The University of Alabama
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. The University of Alabama keeps or sells property after your death(s)

Benefits

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

More Information

Contact Us

Dr. Vance Bristow
Assistant Vice President for Planned Giving
205-348-4770
Vance.bristow@ua.edu

 

The University of Alabama
355 Rose Administration Building, Box 870123
Tuscaloosa, AL 35487
Federal Tax ID Number: 63-6001138

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