Vermont Real Estate Donation - Donate Property Vermont
If you make a Vermont house donation or Vermont land donation, you are able to do several things for the state. For one, you are able to provide a house that a family may need or the home may be sold so that we can use the funds to continue supporting those in need. Or, perhaps you want to donate a land contract so that the organization is able to develop the land into a building or facility that they can use to better serve the country.
Vermont Tax Deduction = Current Market Value
However, there is another option available to you as well. Perhaps you won’t
be able to make your charitable donation until after you pass and your estate is
available for donation after you pass. One option you may be able to take
advantage of is a
charitable gift annuity. The annuity will pay you while you enjoy your
current real estate and then your estate donates the house or real estate after
you pass. This option is ideal for those individuals who want to do something
useful with their estate, but they don’t have the current means to donate real
estate in Vermont now.
Either way you slice it, as the owner of the property you come out ahead in the end. If you were to simply sell the property, you would have to pay an assortment of fees to brokers, banks and for advertising. If you donate, you are able to take advantage of the charitable gift annuity or you may be able to take advantage of the IRS tax deduction that is available to you either now or after you pass.
QUESTIONS? 888 - 228 - 7320