![]() ![]() This donation protects high quality hardwood forests, creeks, meadows, and a lake. Oak Heritage board members walk the Beall property, getting to know the land. Visit the Land Trust Alliance to learn more about conserving your land or contact us today to start a conversation about conservation. Whether the easement is donated during your life or by will, it can make a critical difference in the heirs’ ability to keep the land intact. By removing the land’s development potential, the easement lowers its market value, which in turn lowers estate taxes. Plus, in many instances a Conservation Easement will result in property tax savings.Ĭonservation easements offer great flexibility and perhaps most important, a conservation easement can be essential for passing land on to the next generation. ![]() If a donation meets federal tax code requirements, it may be eligible as a tax-deductible charitable donation. Oak Heritage’s task is to educate the new landowner about the agreement and enforce its terms in perpetuity.Īnother potential advantage of a conservation easement is the tax benefits. Also, future owners will be bound by the easement’s terms. But the great thing about a conservation easement is this: it can be individually tailored to whatever you would like (as long as it has a conservation value). For example, you might give up the right to build additional structures, while retaining the right to farm or pasture the land. When you donate a conservation easement to Oak Heritage, you give up some of the rights associated with the land. This unique agreement allows you and your family to continue to own and use the land and to sell it or pass it on to heirs. Additionally, you can also donate land in a will, thereby decreasing the tax burdens on your heirs and ensuring permanent protection for many generations to come.Ī conservation easement is a legal agreement between a landowner and a land trust. In today’s growing world, land is being developed extremely fast here in Southern Indiana.ĭonating your land to Oak Heritage can ensure open green space for future generations to enjoy.Ī donation of land can release you from the responsibility of managing your land and can also provide substantial income tax deductions and estate tax benefits (while avoiding any capital gains taxes that would have resulted from selling the property). Photo by Hilary’s husband, Joe Tesoriero.Ī donation of land for conservation purposes is truly one of the finest legacies a person can leave to future generations. ![]() Zebra swallowtail on butterfly weed in a forest opening on Hilary Beall’s newly conserved family farm. ![]()
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