Strategies for Using Conservation Esements in Tax and Estate Planning
David Braun
PROBATE& PROPERTY NOVEMBER/DECEMBER 2002 15 Conservation easements are extraordinary tax and estate planning tools for clients with recreational or agricultural land they wish to keep undeveloped over many years or generations. Easements result in major income and estate tax savings and sometimes property tax savings, thereby greatly increasing the affordability of undeveloped land. These savings improve flexibility and allow clients to respond to competing planning priorities. The financial...