GAC is a community where every member of the family has a place and a responsibility. Through structured giving opportunities, we work together to provide the highest quality academic and extracurricular selections, parent programs, and mission opportunities near and far.

Our commitment to Be Greater is a promise and an investment. Our mission is to help each child grow as Jesus did, in wisdom and stature, and in favor with God and man. Given the right tools, space, and faithful guidance, our students grow into capable people who understand the value of generous support.

We invite every family to join us in helping our students grow to be greater in every way.

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You are at: Planned Giving > Gift Options > How to Give > Life Estate Reserve

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Life Estate Reserved

You may desire to leave your home or farm to Greater Atlanta Christian School at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!

Life Estate Reserved
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Benefits of a life estate reserved

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

How a life estate works

  1. You deed your home or farm to Greater Atlanta Christian School. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
  2. You and Greater Atlanta Christian School sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the life estate have passed away, your home or farm will belong to Greater Atlanta Christian School. We will use or sell the property to further our charitable work.

Contact us

To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.

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Contact

Dr. David Fincher
Chancellor
770-243-2202

Katherine White
Vice President of Advancement
770-243-2206

we are a community

"The strength we experience in GAC today is because people planned their legacies to build a bright and faithful future. In their estates and wills, large and small, they made a place for GAC and Christian education. You can see their handiwork in scholarships they endowed; in facilities and programs that wouldn't be here without their gift in a will; with support for teachers; in faithchanging experiences for students every year."

Dr. David Fincher
GAC Chancellor

Greater Atlanta Christian School

GAC is a PK-12 Christian school in Norcross, Georgia serving over 1,600 students. We are a faith-infused, academically rich community, ranked at the top of the state for teaching quality, arts, and athletics.

1575 Indian Trail Road Norcross, GA 30093 770.243.2000 [email protected]
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PRIVACY STATEMENT

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

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