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Agriculture Today


Estate workshop to help families protect land to be held July 31




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July 17, 2013 | 4,533 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, July 31, at 6 p.m. the Cibolo Nature Center & Farm auditorium. The Cibolo Nature Center & Farm is 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 PLLC of Austin.

The workshop costs $20 per person, $15 for members of the Cibolo Conservancy or the Cibolo Nature Center.

Brent Evans, the Cibolo Conservancy’s executive director, said the workshop is geared toward landowners and potential landowners, farm and ranch real estate professionals, estate planners, financial planners, and wealth managers.

“A conservation easement can be a highly adaptable and useful tool to help families protect their land and their family heritage for generations to come,” Evans said.

The workshop will focus on provisions in federal income and estate tax law as they affect landowners, Evans said. He added that the law permits a 30 percent reduction of taxable income for six years for donating a voluntary conservation agreement, and it allows farmers and ranchers to deduct a greater percent of their income. 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.

Advance registration is requested by visiting www.cibolo.org/calendar or call 830-249-4616.
 

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