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Agriculture Today


Workshop to help families preserve legacy of land




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March 14, 2012 | 4,192 views | Post a comment

BOERNE -- A workshop exploring how families can legally protect and preserve the legacy of their land -- and be eligible for tax relief at the same time -- will be held Wednesday, March 28, at 6:30 p.m., in the Cibolo Nature Center located at 140 City Park Road at Boerne City Park.

“Estate Planning in the Hill Country: What Every Landowner Needs to Know” will be presented by Thomas Hall, estate planning attorney with Braun & Gresham of Austin.

The workshop is geared toward landowners and potential landowners, farm and ranch real estate professionals, estate planners, financial planners, and wealth managers.

The workshop will focus on provisions in federal income and estate tax law as they affect landowners.

The law permits a 30 percent reduction of taxable income for 6 years for donating a voluntary conservation agreement, and it allows farmers and ranchers to deduct a greater percentage of their income, said Brent Evan, Cibolo Conservancy executive director. These incentives also can be advantageous to cash buyers of real estate who do not plan to develop the property extensively and are seeking tax relief, he said.

The “portability” option to allocate the estate tax exemption between spouses to save federal estate tax also will be addressed, as well as disability planning for landowners and asset-protection strategies to limit landowner liability.

The workshop costs $20 per person; $15 for members of the Cibolo Conservancy or the Cibolo Nature Center. Advance registration is requested; call 830-249-4616 or visit www.cibolo.org/calendar.
 

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