Still need income from the property? A Charitable Remainder Trust may be a great option for you. The property is irrevocably transferred into a trust and then sold. The proceeds are then invested and generate earnings which pay you income for life or a term of years. Some of the income may be tax-free. Upon your passing, the remaining principal goes to RMHCV to support their hope-inspiring work. Additional immediate benefits to you may include a substantial income tax deduction and no capital gains tax at the time of the gift.