Real Estate Donations - Why Donate
Real Estate With Causes Charity
Why donate Real estate?
Of course, most Americans do not have a large real
estate portfolio. But many can enjoy significant
financial benefits and provide a charitable benefit to
the community at the same time.
One of the advantages to the donor is that the size of
the tax deduction is determined by the current market
value of the property, as opposed to the cost of the
property when it was purchased (Moreover, by donating a
property instead of selling it outright, donors can
avoid paying brokers' fees.)
The answer is that, in many cases, if one takes into
consideration ongoing property taxes, maintenance costs,
income taxes--or if the property is sold, the cost of
legal fees, brokerage fees, estate taxes, inheritance
taxes and capital gains taxes--it is often financially
preferable to donate properties to charities. It also
saves heirs the trouble of trying to divvy up the gains
if the will is potentially contentious or inequitable.
Sometimes there are intangible benefits as well. Often a
donated estate will bear the donor's name, making the
property a de facto memorial.
There are also ways of donating a home but still being
able to enjoy it during one's lifetime. Homeowners can
create a life estate, which allows them to live in the
house, with the understanding that the property title
will be transferred to a given charity at death. Owners
still receive the charitable tax deduction while they
are living, and depending on the property and its income
potential, they may even be able to get lifetime
annuity. At the same time, they avoid passing on the tax
burden to family members after death.
A life estate is an especially attractive option for
large trophy properties, in cases where heirs may be
unable to afford the ongoing maintenance costs and
property taxes. That way, even if one's family is no
longer able to enjoy a home, by donating real estate
they can keep more of what, in the long run, is more
useful: cold cash.
Real Estate donations can provide you with highly
beneficial tax results and allow you to achieve
significant and important charitable goals that benefit
those in need.
A donation of real estate to Real Estate with Causes can
reduce your tax burden and provide you with the benefit
of savings that comes from relief of the maintenance of
your property. You can also avoid capital gains tax on
highly appreciated properties with your charitable
donation of real estate.
You can significantly reduce your legal and tax
liabilities on the properties you donate and more
efficiently attain personal financial goals while also
supporting a Real Estate with Causes and it’s many
charitable endeavors.
“Deeds of giving are the very
foundations of the world.”
Donate Real Estate -
Real Estate Donations - Charity Donation - Tax
Deductible Donate Real Estate
Today!
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