Charitable Gift Planning for a Lasting Legacy
Explore Christ-centered planned giving options that help you steward your resources wisely and support the mission of Inspiration Ministries for generations to come.
Note to Users in the European Union ("EU"), the European Economic Area ("EEA") and the united Kingdom ("UK"): Crescendo INteractive, Inc., a third-party service provider, hosts this website and the planned-giving tools on this website. For users located in the EU, EEA and UK, the planned-giving tools on this webpage operate in European Union mode, are disabled and no user data is collected.
Gift Planning
Take advantage of numerous tax and financial benefits
Leave a legacy to be remembered by future generations
Learn More
Life Estate Reserved
You may desire to leave your home or farm to Inspiration Ministries at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!
Life Estate Reserved
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Life Estate
Life Use
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Benefits of a life estate reserved
- Receive a federal income tax deduction for the value of the remainder interest in your home or farm
- Preserve your lifetime use and control of your home or farm
- Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child
How a life estate works
- You deed your home or farm to Inspiration Ministries. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
- You and Inspiration Ministries sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
- When the owners of the life estate have passed away, your home or farm will belong to Inspiration Ministries. We will use or sell the property to further our charitable work.
Contact us
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.