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Legacy Giving: Retained Life Estate

A life estate is a type of planned gift that enables you to donate a remainder interest to the SLSO in the donor’s personal residence, vacation home property or farm. The donor retains the right to occupy and use the property during his or her lifetime or the joint lifetime of his or her spouse. Upon death, the real estate will pass directly to the Saint Louis Symphony Endowment Trust, avoiding the expense and delay of a probate proceeding.

Benefits:

  • Retain the right to occupy and use the property during your lifetime.
  • Receive a charitable income tax deduction for the actuarial value of the remainder interest in the property. The income tax deduction is particularly large in our current low-interest environment.
  • Provide immediate support for the mission of the SLSO.

Please note: The purpose of this page is to provide general gift, estate and financial planning information. It is not intended as legal, accounting, or other professional advice. Consult your attorney or legal advisor if your plans require revision of a will or other legal document. 

Contact Us

Elaine Wichmer
Senior Major and Planned Giving Officer
Phone: 314-286-4457
Email

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