Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the Land Trust offer different types of easement options?

0
Posted

Does the Land Trust offer different types of easement options?

0

Yes, quite a few: Donation of land An outright gift of land for conservation is one of the most generous legacies a landowner can make to future generations. Throughout Virginia, there are parks, shorelines, forestlands, and scenic open spaces that the public enjoys because of the long-term vision of conservation-minded landowners. Donating land can have many benefits for a landowner. It can be a relatively simple and quick transaction that: • Assures the permanent protection of a family property; • Provides a charitable income tax deduction for the full fair market value of the land; • Avoids capital gains taxes on appreciated land, which otherwise would be due at the time of a sale; • Removes the property from the donor’s taxable estate; • Releases the donor from the expense and the responsibility of managing the land; and • Provides long-term support for the Land Trust. The Land Trust believes that, in most cases, private owners are the best long-term managers of land. Therefore, wh

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123