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Gift of a Future Interest in Real Estate: Reserved Life Estates Keep Owners in Control During Their Lifetimes

Landowners can convey a future interest in real property to a conservation organization or government but continue to live on or otherwise enjoy using the property during their lifetimes. If the property is a personal residence or a farm, a donation of a future interest can generate immediate tax benefits. WeConservePA guide. 8 pages.


This guide was first published in 2009 with subsequent editions published in 2015, 2023, and 2024. Patricia L. Pregmon, Esq., and Andrew M. Loza are the authors of the 2009 through 2023 editions. Justin Hollinger, Esq., updated the “Federal Income Tax Benefit” section in 2024.