Leave a Legacy

You’ll create a place of stability and joy for many individuals and families over the course of your home’s lifetime.

Outright gift: Are you moving but don’t need the proceeds of the sale to make the move? Consider donating your home to KulshanCLT as an outright gift. You can avoid capital gains taxes and take a charitable deduction on the fair market value of the property (up to 30% of your adjusted gross income per year).

Bequest: Gift your property to KulshanCLT after you pass away. You retain ownership and all rights to the property during your lifetime. You will leave a lasting legacy of stability for families far into the future and decrease the tax burden on the inheritors of your estate.

Gift with retained life estate: Donate your home to KulshanCLT but continue to live there. Your property will be transferred to KulshanCLT without going through probate upon your death. This gift is eligible for tax deductions calculated at the time the gift is given, based on current interest rates and the donor’s age. A gift with retained life estate may also give you property tax advantages because KulshanCLT’s homes are assessed based on the resale formula value rather than the full market value of the property.

Please be sure to speak with your tax advisor when considering a gift of real estate.