Undivided Partial Interests
- In the context of land trust work, a landowner grants a shared, percentage ownership in the property to the land trust over several years until the land trust has full ownership. The land trust will eventually own the land, but there is a joint ownership in the interim. Potential income tax deductions spread over several years and estate tax benefits. [Source: Glossary of Land Conservation Terms and Techniques, Triangle Land Conservancy: http://www.tlc-nc.org/landowner/glossary.shtml]
