The Life Estate is a simple agreement between you and Pepperdine. You retain control and the use of your home for your life, and deed the remainder interest in your property to Pepperdine. By transferring the remainder interest in your home to Pepperdine and retaining the life estate, you can lower your income taxes while retaining control and use of your home.
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LIVE IN HOME FOR LIFE
Retain control and use of home (life estate)
Homeowner continues to pay maintenance, insurance, and taxes
Immediate tax deduction
May reduce estate taxes