An estimate of the fair market value of property prepared by a qualified, independent professional appraiser.

The valuation of property in order to apportion or assess for taxation purposes, often in relation to other similar property also taxed.

A record of the condition of the property at the time of acquisition of the conservation easement. Baseline documentation identifies existing physical conditions, natural and human-made, at the time o [..]

A willed gift of personal property (automobiles, furniture), as opposed to real property, such as land, which is a devise.

An outright gift or contribution, with charitable intent, whose value is deductible for federal and/or state income tax purposes and which may give rise to estate/inheritance tax benefits.

 A CRT is an irrevocable trust designed to convert highly appreciated assets into a lifetime income stream without generating estate and capital gains taxes. When the trust ends, the remaining assets [..]

 A conservation easement is a voluntary legal agreement between grantor (landowner) and grantee (qualified conservation organization) that ensures the permanent protection of a property’s natural char [..]

 The legal document by which title to, or an interest in, real estate is conveyed from one (the “grantor”) to another (the “grantee”).

 Terms that are placed in the deed to the property that restrict certain uses of a real property interest by subsequent owners.

 An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a transaction. Offers to purchase an asset are usually dependent on the results o [..]