Property Ownership
A Nebraska property owner who donates their property to a charity and retains a life estate will have:
AFull fee simple ownership retained
BThe right to use, occupy, and receive income from the property during their lifetime, with title passing to the charity at death✓ Correct
CNo tax benefit from the donation
DThe charity must immediately pay property taxes on the full value
Explanation
A retained life estate allows the donor to continue living in and using the property while achieving a charitable contribution deduction based on the remainder interest value. The charity receives full ownership at the donor's death.
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