Property Ownership
A Virginia property owner who wants to donate their home to a charity while retaining the right to live in it for life should use a:
AQuitclaim deed transferring all rights immediately
BDeed reserving a life estate to the donor✓ Correct
CLease-back agreement
DLand trust
Explanation
The owner can deed the property to the charity while reserving a life estate, allowing them to live in the home for the rest of their life. Title passes to the charity after the life tenant's death.
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