Many high-net-worth clients are facing higher income taxes as a result of recent legislation, and higher tax rates make charitable contribution deductions more valuable.
For sizable write-offs, donations of conservation easements may be enticing. “The tax benefits definitely are appealing,” says Adam Miller, vice president at Elderado Financial in Montrose, Colo., “but these transactions work best when the client has a non-financial purpose for donating the easement.”
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