Gifts of Retained Life Estate

How it works

  1. You transfer your residence, farm, or vacation home to OLT subject to a life estate.
  2. You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.
  3. The property passes to OLT when your life estate ends.

Benefits

  • You receive gift credit and 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 take an additional income tax deduction.
  • You have the satisfaction of making a significant gift now that benefits OLT later.
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For the education, enjoyment, and well-being of current and future generations, Orient Land Trust: 
promotes a positive clothing-optional experience at all properties including Valley View Hot Springs, Orient Mine and Everson Ranch;
preserves the viewshed, including land acquisition; 
protects natural, wild, agricultural, and historic resources, in the northern San Luis Valley.