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Real Estate—Gift of Personal Residence or Farm with Retained Life Estate
How Does It Work
- Transfer title to personal residence or farm to Johns Hopkins
- Johns Hopkins allows you (and spouse) to remain in residence for life
- You (and spouse) occupy and maintain residence
- Johns Hopkins uses or sells property after your death(s)
Benefits
- Federal income-tax deduction for remainder value of your residence or farm
- You (and spouse) can occupy residence for life
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