Many landowners have a strong connection to their land and want to ensure its protection for many generations. Conservation easements can prevent future residential and commercial development of one’s land, and reduce inheritance tax liability for one’s heirs. This 6-page fact sheet will describe conservation easements, what is involved in establishing one, some of the tax implications of such agreements, the government and non-government organizations that commonly participate in conservation easements, and important considerations for landowners before entering into such an agreement. Written by Chris Demers and Douglas R. Carter, and published by the UF School of Forest Resources and Conservation, March 2011.
http://edis.ifas.ufl.edu/fr149