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Article: Back to the Land: Conservation-minded clients can use easements to protect their property from development and their estate from taxes.(Conservation easements)
- Article from:
- Financial Planning
- Article date:
- April 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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We all know the United States is a land of unique and spectacular beauty. Many landowners would like to see this beauty protected but are either unwilling or unable to donate their property outright to a conservation organization. Fortunately, qualified conservation easements allow landowners not only to preserve the beauty and historical significance of their property indefinitely, but also to retain ownership and secure significant tax and estate planning benefits for themselves and their heirs.
HOW THEY WORK
A conservation easement is a legal agreement between a landowner and a qualified nonprofit organization or government entity that permanently ...