Conservation Easements: Tax and Real Estate Planning for Landowners and Advisors - David J Dietrich

Conservation Easements: Tax and Real Estate Planning for Landowners and Advisors David J Dietrich ISBN 9781614381136

Attorneys negotiating conservation easements often rely on long-standing form documents—frequently not by choice, but because land trusts prefer familiar, established agreements. To competently advise clients considering the donation or sale of a conservation easement, however, practitioners must look beyond these forms and develop a deeper understanding of the statutory, regulatory, and common-law principles that govern conservation easement transactions, along with a working knowledge of the resources available in this complex and evolving area.

Conservation Easements: Tax and Real Estate Planning for Landowners and Advisors serves as a valuable supplement to established treatises and the expanding body of online resources. Drawing on decades of practical experience, the author provides a rich collection of insights, tips, and techniques developed through real-world conservation easement practice. The book offers a comprehensive overview of conservation easement law, making it equally useful for attorneys new to the subject and seasoned practitioners seeking focused guidance on specific issues.

Topics covered include:

• Statutorily permitted conservation purposes required for tax deductibility

• Circumstances under which limited development may be allowed on easement-restricted land

• Federal and state tax consequences of conservation easements

• Easement valuation and appraisal considerations

• The roles of participants in the transaction, including landowners, estates, land trusts, and government entities

• Tax law issues arising during easement creation and throughout its duration

• Long-term stewardship and compliance concerns

• Funding sources for conservation efforts

To demonstrate how these principles are applied in practice, the book examines four conservation easements currently in use and concludes with a summary of practical drafting tips and relevant IRS materials. Appendices are included on CD-ROM for additional reference.

Conservation Easements: Tax and Real Estate Planning for Landowners and Advisors David J Dietrich ISBN 9781614381136, 978-1614381136 & 978-16143-81136

Authors
David J Dietrich
Christian Dietrich