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Planned Giving

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Is This Gift Right for You?

Calculate Your Benefits
A retained life estate works for IslandWood supporters who would like to use their homes to support our mission but continue living there for life. Review this checklist to help you further determine whether this way to give works well for you.

Profile of a Giver
  • You want to make a major gift to IslandWood after your lifetime.
  • You enjoy living in your home and envision living there for the rest of your life.
  • You're happy to retain many of the rights and responsibilities of homeownership (maintenance, insurance, property taxes, etc.) and feel comfortable deeding us your home today.
  • You want immediate income tax relief.

Punching the Numbers
The amount of your income tax deduction depends, in part, on the value of the property and your age (and the age of any other person given life use). Your tax professional can help you determine what your benefit will be.

Gift Calculator Calculate your possible benefits for arranging a retained life estate with us.

We Can Help
Contact Ken Mundt at 206-855-7023 or kenm@islandwood.org with any questions about establishing a retained life estate with IslandWood. We're happy to help, without obligation.


Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Changing a Life Estate | Action Items




Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


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