Landowners can convey a future interest in real property to a conservation organization or government but continue to live on or otherwise enjoy using the property during their lifetimes. If the property is a personal residence or a farm, a donation of a future interest can generate immediate tax benefits. WeConservePA guide. 8 pages.
Year: 2024
Author(s): Andrew M. Loza and Justin Hollinger, Esq.
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Doing Deals, Gift Acceptance and Solicitation Policies, and Print Editions of WeConservePA Guides
Related guides: Donation Agreements, Donation by Will, Gift of a Future Interest in Real Estate, and The Nature of the Conservation Easement and the Document Granting It
This guide was first published in 2009 with subsequent editions published in 2015, 2023, and 2024. Patricia L. Pregmon, Esq., and Andrew M. Loza are the authors of the 2009 through 2023 editions. Justin Hollinger, Esq., updated the “Federal Income Tax Benefit” section in 2024.
