For many clients, land preservation is a vital link between their illiquid assets and their estate plans and/or income tax. Land preservation is a valuable avenue through which the Law Offices of Ryan M. Deverin can assist you in reducing estate or income taxes. The sale of land or the sale of the development rights to land can serve as a means to reduce the value of a taxable estate or create a charitable deduction for income tax purposes.
Land preservation transactions can include the sale or donation of land title or land development rights to the State, County, local municipality, or non-profit organizations. Representation in this area of law includes the negotiation of the contract of sale, negotiation of the language to be included in the deed, preparation of all related closing documents, and coordination of and attendance at the closing.
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