Can I Leave My Home or Farm to Charity and Continue to Live in it?
Yes, you can leave your home or farm to charity and continue living in it. There are two main ways to do this:
- Life estate: This is a type of gift where you retain the right to use the property for life. When you die, the property goes to the charity.
- Reverse mortgage: This is a loan that you take out against the value of your home. The proceeds of the loan can be used for any purpose, including charitable giving.
