An outright gift of land for conservation is one of the most generous legacies a landowner can make to future generations. A donation will release the landowner from the responsibility of managing the land and may provide substantial income tax deductions and estate tax benefits. The donation can even be set up in a way that allows you to continue to live on the land or to receive a life income.
Gifts of land may be the best conservation strategy for you if you do not wish to pass the land on to heirs, own property you no longer use, own highly appreciated property, have substantial real estate holdings and wish to reduce estate tax burdens, wish to see it protected forever, or would like to be relieved of the responsibility of managing and caring for land.
Please contact us at Connemara for more information.