As the creator of a life estate, you deed a future interest in your home or farm to AMHF, but retain the right to live in it for the rest of your life or a term of years. You may also use a vacation home to create this kind of gift.

While you retain the right to live on your property, you continue to be responsible for all routine expenses: maintenance fees, insurance, property taxes, repairs, etc. If you later decide to vacate your property, you may rent all or part of the property in cooperation with Abington Memorial Hospital Foundation.

When your life estate ends, or you terminate your interest, AMHF can then use your property or the proceeds from the sale of your property for the purpose you designate.

WARNING: Consult your legal and tax advisors before making any material decisions based on this information.

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