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Include NYALT and Farmland Conservation in My Will
The generosity of people in our community is what has made NYALT into the farmland conservation organization it is today. By donating to NYALT you can lower your estate tax exposure and make a major difference in farmland protection. Farmers are depending on NYALT to help them conserve their family lands, and you can assist by a contribution via your will. The following is a Sample Bequest language that may be helpful as you consider including NYALT in your will [you will want to consult your “I give and devise to the New York Agricultural Land Trust, Inc., located in Preble, New York, my entire residual estate (or ________percent of my estate, or _____ dollars from my estate, or my land located on “x” road, in “name of town, state”) towards their farmland protection, outreach work, and developing a sustainable conservation organization.” As mentioned above, landowners can donate their land or a conservation easement through a bequest in their Will. You can therefore conserve your land, after your lifetime, if you so wish. To obtain additional information on the benefits of conserving your land after your lifetime, click here. If you wish to donate an easement (protect your farm after your lifetime), you can use this language in your Will {again verify with your attorney, and contact NYALT}: “I direct my executor to conserve my land, located on {name of road(s)}, in the town of {name of town}, in {state}, prior to transferring it out of my estate, with the New York Agricultural Land Trust, Inc., located in the town of Preble, New York. I understand that NYALT will use its then current model conservation easement, and adapt it as necessary, to conserve my property. They will use their professional judgment to create a conservation plan for my property. I further direct my executor to convey the necessary stewardship and legal defense funds needed to oversee the protection of my property in p You can lower your estate tax exposure by directing your estate to conserve your land. Please notify NYALT if you plan on doing this so that we can provide you with updated language. NYALT will keep your bequest confidential as you would like. NYALT suggests that you consult with your family and estate planning team to discuss if a bequest will meet your goals. We are happy to meet with you to discuss possible options as well. Please feel free to contat Tom Larson if you would like to talk about your ideas or goals to help conserve farmland. |
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attorney to confirm the language]:
erpetuity, as normally calculated by NYALT.”