1.  Determine Property Value:

   Obtain a professional appraisal of your property to determine its fair market value, which will be used for tax deduction purposes. 

2.  Select a Giving Option:

   • Outright Gift: Transfer ownership of the property to the charity. 

   • Bequest: Make a gift through your will or trust. 

   • Retained Life Estate: Donate the property while retaining the right to live in it for a specified period. 

   • Charitable Remainder Trust: Fund a trust that provides you with income for life while the remainder goes to the charity. 

3.  Prepare Paperwork:

   Work with the chosen charity and your legal and financial advisors to prepare the necessary legal documents for the transfer of ownership. 

4.  Transfer Ownership:

   Once the paperwork is complete, transfer the property title to the charity. 

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Potential Benefits:

• Tax Deduction:

  You may be eligible for a tax deduction based on the property's fair market value. 

• Avoid Capital Gains Taxes:

  Donating appreciated property can help you avoid capital gains taxes on the sale. 

• Support a Cause:

  Your donation directly supports the charitable organization's mission and programs. 

• Personal Satisfaction:

  Donating real estate can be a meaningful way to make a significant impact and contribute to the community. 

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Important Considerations:

• Marketability:

  Consider the marketability of your property. Charities may prefer properties that are relatively easy to sell or repurpose. 

• Debt:

  If the property has a mortgage, explore options like a bargain sale or consult with your advisors about potential tax implications. 

• Property Condition:

  Evaluate the condition of the property. Major repairs or renovations might affect its marketability or the charity's willingness to accept it. 

Professional Advice:

Always seek professional advice from legal and financial professionals to ensure the donation aligns with your financial goals and legal requirements.