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A
remainder interest allows a landowner to continue to live on and
use property after donating it to a land trust. At the landowner's
death, the land's title then passes to the land trust.
This
strategy provides protective measures for the property even as the
landowner continues to use it while ensuring the property's future
conservation. A remainder interest may provide significant tax
benefits during the donor's lifetime as well as benefits to the
donor's estate. Lifetime benefits can include an annual tax
deduction if the property in question is a farm or personal
residence, or has exceptional conservation value.
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