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Retained Life Estate

RLE Diagram

How It Works

  • You transfer your residence, farm or vacation home to Johns Hopkins, subject to a life estate.
  • You continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
  • The property passes to Johns Hopkins when your life estate ends.

Benefits

  • You can give us a significant asset, but retain the security of using it for the rest of your life. 
  • You receive an immediate income tax deduction for a portion of the appraised value of your property.
  • You can terminate your life estate at any time and may receive an additional income tax deduction.

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