Consider a Gift of Residual Interest

A Gift of a Residual Interest allows a donor to make an irrevocable gift of real estate, typically in a primary residence or a vacation cottage, receive a donation receipt and retain the use of that property during his/her lifetime. That is, a donor may give his/her residence but continue to live there. However, you remain responsible for maintaining the property that ultimately will go to the Friends of The Moncton Hospital Foundation.  

SEEK FINANCIAL AND LEGAL ADVICE

We strongly recommend you seek professional advice to ensure your financial goals are considered, your tax situation is reviewed, and your planned gift is tailored to your circumstances.