 |
 |
 |
 |
 |
 |
Preserving Family Lands: Book II covers the fundamental conservation easement tax and legal rules but it also has a specific focus: planning for land when more than one generation is involved, particularly if there are a number of family members in that "next" generation. Reaching agreement among family members, planning for passing land from one generation to the next, the use of partnerships, trusts, and limited liability companies, and a few user-friendly estate planning techniques are some of the things covered in Book II.
Preserving Family Lands: Book III covers some of the same material as Book I but has more in-depth tax and planning analysis. Book III has a lot of material about additional estate tax incentives for easement donors under tax code Section 2031(c). Book III also includes a seven-chapter checklist for a conservation easement project. I think reading the checklist is essential for anyone involved in a conservation easement.
Additional Books
Which Book Is For You?
Many people have asked me about the three different Preserving Family Lands books. "Should I buy all three?" I often hear. "Which one should I read first? Which one should I give to my parents? My siblings? My lawyer?"
Here is what I think.
For an individual who wants to learn the fundamentals about conservation easements, I recommend Book I. If you read Book I and you like what you read, then you should read Book III.
For someone who wants to introduce an older family member to conservation easements, I recommend Book I.
For an individual who is interested in donating a conservation easement but who does not intend to leave that land to the children (or other family members), I recommend Book I and then Book III.
For parents who want to leave land to the children, or for children who want to work with their parents and their siblings to plan for family land, I recommend all three books, in order.
For a land trust or other conservation organization or government agency that wants to introduce landowners to conservation easements, I recommend buying Book I in bulk and giving that away (or selling it at a very modest price), and then buying Book III in bulk and giving that away (or selling it at a very modest price). I also recommend having extra copies of Book II on hand for the family that needs it.
For any organization involved in accepting conservation easements, I strongly recommend Book I and Book III, especially the checklist in Book
