In addition to making an outright irrevocable gift of residential, commercial, or undeveloped real estate during your lifetime to “Heros in Fidelis Foundation” though retaining though you will. Simply describe the property. in full detail, in your will or codicil.
You can also transfer the deed to your property to “Heros in Fidelis Foundation” while retaining the rights to live there for your entire lifetime.
You would continue to take care of the property, at tax on said property and receive and income it generates. However, you have made a gift of the property by deed, it will not pass probate after your death. You will also be able to take a deduction on your Income Tax return during the year you make your gift.
” Heros in Fidelis Foundation” is not able to give any financial advice. However you may consult with Notre Dame FCU and your attorney, CPA, or your licensed financial planner.