Your land is not just another asset in your portfolio: It is place, it is heritage, it links the past to the future. That is why conservation easements are such a wonderful tool – as part of the estate planning process or as a stand alone action.
Conservation easements are a wonderful but complicated legal technique that allows land to be protected forever while providing tax deductions and even liquidity from an otherwise illiquid asset, your land.
But increasingly complex tax court rulings, a ponderous appraisal process, and pushback from Taxation on Land Preservation Credits mean that landowners donating conservation easements deserve special legal attention.
Lee Stephens and his associates focus on conservation donations.
Since 2003, he has developed a statewide practice ranging from the most complex transactions in Virginia to simple fixed price engagements.