Land Protection Options
There are a variety of voluntary conservation options that give you, as a
landowner, the flexibility to meet your needs while
conservation benefits. Many of these include significant income, estate
and property tax reductions that you should carefully consider with your legal
and financial advisors.
- Land Protection Agreements
- Land Donations
- Other Strategies
Voluntary Land Protection Agreements
A land protection agreement is a voluntary legal agreement between a landowner and a land
trust to permanently protect a property's natural characteristics by limiting how it can be used.
The land remains private property, but it can only be developed to the extent
specified in the easement. The land can be sold with the easement in place
or passed down to successors. Unlike deed restrictions and covenants, a
land protection agreement comes with a stewardship commitment from the land trust to
monitor the land and ensure that the easement's terms are carried through into
*NOTE: For any conservation easements
donated in 2013, special enhanced federal income tax benefits apply.
Please call us for details!
Donating land for conservation leaves a legacy that lasts long after we're
gone. Some prefer to donate land in their wills, while others donate their
property up front to take full advantage of income and estate tax deductions.
The donation could also take the form of a
reserved life estate. The property can be donated up front, but you
reserve the right to live on the land for the remainder of your
Bargain sales of land or easements, limited development strategies (selling or developing part of the
land while protecting other parts), and entering into Managed Forest Law and other
conservation programs, are all options you could consider. Donations of
cash, non-conservation property, life insurance, stocks and other contributions
can all help NWLT conserve the northwoods.
up to you...
Northwoods Land Trust can provide you with information and resources to help you
choose how you would like to leave your legacy for future generations.