Consider the real estate you may own: personal residence, vacation home, farmland, rental or investment property, commercial real estate, undeveloped land, inherited property, etc. Is it more than you care to own? Are you planning a move? Are you bothered by the headaches of managing or maintaining the property? If the real estate is sold, will you incur a significant capital gains tax due to highly appreciated value? Is the property earning you the income you expected?
Owning real estate brings responsibilities and challenges — and creates wants and needs, especially as your situation changes over time. Real estate gifts can help property owners meet their own needs as well as support Franklin College.