A gift of residual interest usually involves donating your principal residence or other real estate, such as a cottage. You (and, if applicable, your spouse) continue to live in the residence during your lifetime(s) or for a fixed term. At the end of the term, Queen’s will sell the property when it is no longer required, and will use the proceeds for the designated purpose.
Queen's should be consulted well in advance of establishing a gift of residual interest to discuss terms and conditions required for acceptance and receipting.
contact us with your questions or for further information.
We strongly encourage you to consult with your lawyer, accountant, or other financial advisor before finalizing your planned gift.
Thank for your interest in our Gift Planning program.