A Future Legends Program
Establishing Your Legacy For the Future
Gift Annuity For Home is a program offered exclusively by Future Legends and its partners intended to provide immediate beneficial income solutions for senior homeowners who are philanthropically inclined and wish to establish a legacy in the medical field or higher learning.
A "Gift Annuity for Home" is a charitable gift of real property in exchange for a guaranteed stream of income.
Each state has different regulations for charities that offer a gift annuity in exchange for real estate. For example, charities in California must be licensed to offer this program and maintain a segregated account to ensure proper funding. Annuity income is typically insured through major insurance carriers.
We know every state's regulations for charities and can save you a lot of time before entering into an agreement to receive an annuity for your home
The types of real estate gifts that can be donated include:
Age 70 and above (married or single)
Needs additional income; cover medical expenses; improve lifestyle
The property's debt to equity ratio is 30% or less
Charitably inclined and desire to leave a legacy
Does not have any eligible beneficiaries or heirs to real estate property