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With a Real Estate Remainder Gift, you can make a gift of your home to AFHU, but retain the use of the property for as long as you and your spouse live. This makes it possible for you to give a larger gift than your resources might otherwise permit. You continue to take care of the property, pay the taxes, the gardener, the insurance, and other homeowner expenses. However, since you have made a gift of the property by deed, you will receive an income tax deduction for the present value of the remainder interest without an outlay of any cash. |
