The Pennsylvania Land Trust Association has published for public review a draft of the 2nd edition of its Model Conservation Easement Donation Agreement with Commentary at ConservationTools.org. The model is complete and ready for customization for conservation projects. However, the Association very much welcomes suggestions for improvements before the edition is finalized.
The model takes into account the 2017 edition of Land Trust Standards and Practices, the LTA advisory on tax shelter abuse, and IRS Notice 2017-10. In addition to whatever ideas you have, the Association welcomes your thoughts on the model’s handling of a land trust’s ethical obligations and information gathering regarding pass-through entities and tax shelters.
Please submit comments to email@example.com no later than June 30, 2017.