You may want your land to remain forever free from any future development. Or, you may want to plan for limited uses that preserve the special character of your land.
Either way, you have the right to determine today what happens to your land in the future. It is a great power, and a choice you can make to permanently protect your land from unwanted future development, or, plan for uses that preserve the special character of your family’s land.
Land protection options to legally preserve your land are made available by Cardinal. These include the Conservation Easement and fee simple land preservation, which can bring important tax benefits, such as an income tax deduction and reduced property and estate taxes, and other tax incentives. If you decide to take action now, you can rest assured that your desires to preserve your land are legally established.
What is a Conservation Easement? A Conservation Easement (CE) provides a time-honored and legal way for families to preserve their lands. It assures landowners that their wishes for preservation of their property will be honored forever.
- Landowners continue to own their home and land — and live there. They can also mortgage the property, lease it, sell it, or pass it on to their heirs.
- A conservation easement is a legal document — an agreement between the landowner and the land trust that accepts it. It is a deed restriction that permanently limits a property’s future uses.
- Each CE document is individually drafted to meet the personal needs of the landowner.
- The CE is donated or transferred in a bargain sale to Cardinal which in turn agrees to monitor the land to assure that the conditions of the easement are met over time.
- The CE is recorded in the County Recorder’s office, and becomes part of the property’s title.
- Future owners of the property are bound by the CE’s terms.
Please get in touch with us if you are interested in applying for funding to purchase a conservation easement on your land, or if you would like more information about donating a conservation easement. email@example.com (513) 752-2828
FEE SIMPLE CONSERVATION
What is Fee Simple conservation? Landowners may also choose to donate their land to Cardinal Land Conservancy for conservation purposes. This option may be preferable to a conservation easement if there are sensitive natural resources on the land, if the landowner would like their land to be maintained as a preserve, or as part of estate planning. In Fee Simple Conservation, landowners do not maintain ownership, although some terms may be tailored to the needs of the donors and their families. In this scenario, landowners donate their land to Cardinal Land Conservancy, who will maintain it as a preserve, or transfer ownership to a suitable party.
- Land is preserved in perpetuity and maintained as a nature preserve by Cardinal.
- Landowners transfer title to Cardinal Land Conservancy.
- Donors may be able to realize a tax deduction for their donation.
- Provides ideal protection for sensitive natural resources.
BENEFITS OF LAND CONSERVATION
Income Tax Incentives for Land Conservation
For landowners, donating a conservation easement is a way to protect places they love. It’s also a major financial decision. When landowners donate a conservation easement, they give up part of the value of their property — often their family’s biggest asset. Tax incentives offset some of that loss in property value, making conservation a viable option for more landowners. Click to read Land Trust Alliance article about Income tax Incentives.
If you wish to learn more about how you can preserve your land, you can reach us at (513) 752-2828, or by emailing firstname.lastname@example.org