What would a conservation easement do for me?

The conservation easement is an agreement that permanently restricts the future development or use of your land. You may do this to preserve your land and maintain it in its current condition so that it is preserved for future generations although it may allow limited development. The tax benefits can be significant. Upon donating an easement, you obtain an immediate income tax deduction. At your death, the property is valued for estate tax purposes at a lower value since the development rights have been given away. This may enable your family to keep property they might have been forced to sell to pay the taxes.