a gift plan allowing the donation of a personal residence (including a vacation home) or farm but allows you to retain the right to life enjoyment. A life estate may be retained for either one or more lives or a term of years. All routine expenses – maintenance fees, property taxes, repairs, etc. – remain your responsibility. However, you receive a [..]

An arrangement in which a donor gives their home, farm or vacation property to UM while retaining the right to live in the home for a period of years or for their lifetime.  The donor receives an imme [..]