Live Event

Information

This 7-hour continuing education course, approved by the Wyoming Real Estate Commission and the Wyoming Bar Association, covers conservation easements (CEs) and their various aspects. Lunch will be provided. The course includes the following topics:

1. Introduction to Conservation Easements (CEs):
   • Definition of CEs and their role as private property rights.
   • How CEs align with landowners' goals.
   • Entities that can hold CEs.
   • Public and private benefits of CEs.
   • Cost and timeline differences between purchased and donated easements.
2. Landowners’ Perspectives on CEs:
   • Reasons landowners might choose a CE.
   • The process of establishing a CE.
   • Benefits of donating vs. selling a CE.
   • IRS tax deduction requirements and risks (audits, government funding).
3. Appraising and Transacting with CEs:
   • IRS requirements for qualified appraiser s.
   • Valuation methods for CEs, differing for donated vs. purchased easements.
   • Considerations when buying or selling land with a CE.
4. Interpreting CE Language:
   • Key clauses and evolving language in CEs.
   • Approaches the land trust community uses to handle changing language.
   • Conflict mitigation after encumbering land with a CE.
5. Roles and Risk Management:
   • Overview of professional roles in assisting landowners.
   • FAQs and legal limitations in advising clients.
   • Strategies to mitigate risks when working with CEs.

The course provides a comprehensive understanding of conservation easements from both legal and practical perspectives.
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