Retained Life Estate

RLE Diagram

How It Works

  • You transfer the title to your residence, farm, or vacation home to Proverbs 31 Ministries and live there for the rest of your life.
  • 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 Proverbs 31 Ministries when your life estate ends.

Benefits

  • You can give us a significant asset but retain the security of using your property 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 OR you and Proverbs 31 Ministries may jointly decide to sell the property and prorate the sale proceeds.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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About Proverbs 31

Proverbs 31 Ministries is a non-denominational, non-profit Christian ministry that seeks to lead women into a personal relationship with Christ, with Proverbs 31:10-31 as a guide.
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In a day and time when the world is trying to quiet biblical truth, Proverbs 31 Ministries is determined to help women engage with God’s truth like never before through the resources we offer each day.
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