CALT IS SEEKING NEW BOARD MEMBERS
Love Open Spaces?
Want to be a part of protecting the iconic landscapes of central and northern Arizona?
At CALT, we share your passion for the beauty and wonder of this special part of Arizona. To help protect the places we all care about, we’re seeking new board members with energy, creativity, talent and an interest in land protection. You don’t need to know much about the topic—we help each other learn—but if you have knowledge or experience in land protection, that’s even better! Please call us at (928) 445-7790 or email us at email@example.com to learn more about how you can make a real difference in preserving the Arizona we all love, now and for generations to come.
CALT's UPCOMING FREE HIKE ON THE PAYNE GRANITE DELLS EASEMENT
SATURDAY OCTOBER 21st, 2017
Saturday October 21, 10 am – 12 pm
Visit one of Central Arizona Land Trust’s most beautiful lands, the Payne/Granite Dells conservation easement. We will hike the Flume Trail behind Watson Lake while our Conservation Specialist Matt Turner shares the history and ecology of this unique area. Children can explore the creek and there will be some fun activities along way. The trail is easy, but there are areas of loose gravel and some big rocks to get over and around. Please bring water, sunscreen and appropriate footwear. Space is limited so sign up now! RSVP is required, by email: firstname.lastname@example.org. In case of inclement weather the hike will be rescheduled.
SUCCESS WITH OUR TRUST ESTATE PLANNING WORKSHOP!
Estate Planner Workshop and Reception - Education and Easements, too!
Thanks to our sponsors, BBVA Compass Bank and Painted Lady Vineyard, CALT brought together estate planners (attorneys, CPAs and financial planners) for a workshop on financial trusts at ‘Tis Gallery on the historic square in Prescott, on September 26th. Chris Price, Lincoln Financial Group, presented pertinent up-to-date information on “Taxes Affect Everyone: Focus on Protecting Client Wealth” and “Achieving Financial Goals with Trusts.” John Farmer, Taylor & Padgett Financial Group, led the discussion on conservation easements and how they can affect tax and estate planning.
With the U.S. experiencing an unprecedented transfer of wealth and property, CALT felt that it was important to host this workshop for the area’s estate planners and tax advisors to familiarize them with the service that CALT provides to landowners seeking long term protection for their lands.
John Farmer, who is the Vice-President on CALT’s Board of Directors, presented a very informative program on the history and benefits of conservation easements. They are a unique way to protect private land by limiting development while keeping it in private ownership. In this way, the landowners continue to own the land, pass it on to their heirs, yet protect it in perpetuity from subdivision and development. John explained how the donation of a conservation easement may be eligible for tax deductions if the land contains special attributes related to natural, agricultural, or historic resources according to Section 170 (h) of the US tax code. In 2015, Congress made the enhanced tax incentive for these donations permanent. This incentive allows for easement donors to use the value of the conservation easement as a deduction attributable to 50 percent of their adjusted gross income, with a 15-year carry forward period. Qualified farmers and ranchers are eligible to deduct up to 100 percent of their adjusted gross income with the same carry forward period.
John also described the benefits that apply to estate taxes, including how the donation of a conservation easement may lower the value of the property. Thus, the reduction in value creates an exclusion from the taxable estate. This exclusion allows heirs to deduct up to 40% of the value of the land from the taxable estate, up to a $500,000 maximum.
This 2017 Estate Planner Workshop wrapped up with a lively Q & A and social hour featuring delicious wines from Painted Lady Vineyard in Skull Valley.
The Central Arizona Land Trust is an Arizona nonprofit corporation and is tax exempt under Section 501(c)(3) and a qualifying organization under Section 170(b)(1)(A)(vi) of the Internal Revenue Code for the acceptance of conservation easements.
Central Arizona Land Trust
PO Box 1050
Prescott, AZ, 86302
Office Location: 1577 Plaza W. Dr., Prescott, AZ 86303
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