RETAINED LIFE ESTATE
A type of estate that continues for the lifetime of the beneficiary. A life estate is a restrictive type of estate that prevents the beneficiary from selling the property that produces the income before the beneficiary’s death.
You can donate your home to Honor Flight Chicago while retaining the ability to live in the home until you pass away, at which time the home passes to Honor Flight Chicago.
- Contact Honor Flight Chicago’s administrative office at 773-227-VETS (8387) for additional information on advance giving.
- Seek the advice of your financial or legal advisor.
- If you include Honor Flight Chicago in your plans, please use our legal name and federal tax ID.
Legal Name: Honor Flight Chicago
Address: 938 West Montana St., Chicago, IL 60614
Federal Tax ID Number: 26-1978570
The information on this website is not intended as legal or tax advice. Please consult an attorney or tax advisor for such advise.