Pitfalls to Avoid with Conservation Easements

Agricultural operators and other landowners in the Rocky Mountain region may find compelling reasons to consider establishing a conservation easement on their property. For some farm and ranch owners, a conservation easement offers certainty that the family’s way of life will be preserved, at the same time providing substantial financial benefits. The success of a conservation easement, however, depends crucially on strict compliance with the requirements of both applicable state statutes and federal tax laws. If those requirements are not met or are later discovered not to comply, the conservation easement can be voided, with possibly dire consequences for the landowner.

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