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Does a conservation easement make sense in your estate plan?

Kent area residents enjoy beautiful surroundings and gorgeous areas to enjoy nature. There are many parks and other protected natural areas in the Seattle area and the State of Washington. Residents value these natural resources and are grateful to have them. For residents who own land a conservation easement may be a valuable part of a will and estate plan.

In the past we have discussed charitable giving as an important part of estate planning. Many people view our natural resources as important properties that need to be protected. For those who own these valuable properties a conservation easement can be a wonderful way to make sure these natural resources are still there in the decades to come. A conservation easement allows landowners to preserve the land and water for public use. It prohibits the use of the land for development and allows the land to remain a habitat for animals, scenery and recreation.

When a conservation easement is set up the land is still owned by the family. It can be passed down to members of the family or sold but it will always have the conservation easement attached. Setting up a conservation easement can also have tax benefits for current and future owners.

Land owners in the Kent area may want to speak with a legal professional skilled in estate planning if they would like to learn more about the benefit of a conservation easement. They can be a great way to ensure the well-loved natural resource will continue to be an asset for future generations.

Source: Milwaukee Business News, "The benefits of conservation easements," Nancy Bonniwell, April 21, 2015

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