Get prepared to establish a retained life estate with your donors.
The maintenance, insurance, and taxes (āMITā) agreement defines the responsibilities of the donor of the life tenant. The donor is expected to maintain the property in its current condition. Since they reside in the property, the donor must also maintain insurance and pay the real estate taxes. Although the donor must maintain insurance, some charities take the additional precaution of adding properties to their master insurance lists.
$99/one-time purchase
Who is this app for?
Legal counsel and Gift Planners
App Updates
Version 1.1.
Languages
English
Created By
Planned Giving Interactive
Planned Giving Interactive (PGI) is the technology leader in Planned Giving software and services. We provide our members with an industry-leading, extensive suite of document drafting software to automate donor compliance-related documents. Our research tools help charities research complex gift donations. Our team memberships provide an effective, affordable, and scalable path to technical research, donor presentation, and document generation tools along with continued professional learning opportunities.
Email: dana@estategiftplanning.com