Securing Your Legacy on the Land, Part 4: Considerations when transferring your property
How does one begin the task of planning for the transfer of a family business, real estate and farm or ranch? What are some of most important issues one’s tax advisor is likely to bring up or address and how can you begin preparing now for those decisions? What are the most advantageous structures to use to pass on property to heirs at death? What are common mechanisms for passing on property while one is still alive? What are the tax and equity implications of these various strategies?
These questions and more are addressed in this fourth part of our 5 part succession planning for landowners series with Bank of America family office practice expert Howard Weiss.
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How is succession planning different for non-resident or “absentee” landowners? With this ownership type becoming more and more common in the West, how can these landowners best steward their investment to the next generation?
Our roadmap to a conservation model that works for rural America, working lands and wildlife. Conservation as usual isn’t working. We are literally losing ground and natural resources every day.…
New Mexico needs permanent statewide funding for agricultural and natural resources projects
Working lands stitch together the patchwork of land ownership that creates the character of the American West – open space, valued by both people and wildlife. Many rural communities have…
As landowners and land managers, we recognize that well-managed lands are the cornerstones of both human communities and the ecosystems on which we all depend. We have a deep, vested…
Aspen trees and forests are especially important in the Rocky Mountains. Aspens add beauty to landscapes, foster high diversity and productivity of understory plants, provide for the habitat needs of many species of animals, and moderate fire behavior. There is a perception that aspen trees and stands are not regenerating well in southern Colorado and northern New Mexico; cohorts of trees younger than a few decades are scarce, at least in some areas. The next generation of aspen in the southern Rockies will be influenced by land use decisions, including harvesting, fire policy and management, and browsing by livestock and wildlife.
This guide presents some ways landowners can earn compensation for their stewardship efforts directly or indirectly—schemes sometimes referred to as payments for ecosystem services, ecosystem services markets, or conservation finance. It goes beyond description to provide illustrative case studies of these strategies at work.
This report provides an overview of the latest efforts towards migration corridor management in each of the three states, and reports findings from the workshops. The report summarizes the discussion by workshop participants about what is working in their state, as well as opportunities to improve migration corridor management and conservation.
What factors should you consider when selecting an ownership structure for your ranch? What questions should you be sure to answer before deciding? What are differences between an LLC, a C Corporation, and an S Corporation? What are the benefits to partnership, cooperative or shared ownership structures, and what are the drawbacks? Why or when would someone choose a less common ownership structure?
Landowner perspectives gained through one-on-one interviews and focus groups throughout the Upper Rio Grande region provide the foundation for the recommendations contained within this toolkit. These perspectives are shared side-by-side with concise strategies for policymakers, funders, and organizations looking to improve wildlife habitat in this dynamic trans-boundary region of Colorado and New Mexico.
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