Step One

    The Escarpment Biosphere Conservancy will meet with you, walk your property and have a general discussion about:

    • Ecological sensitivity of your property
    • Conservation approaches i.e. agreement (covenants and easements), ownership, life estate, bequest, partial taking, bargain sales
    • Approximate values
    • The probable tax (property, capital gain and income) impact
    • The time to complete such a project

    The volunteer and staff at EBC are not professional appraisers, accountants, lawyers, or planners. Nor do they have a crystal ball. EBC’s discussion will cite previous examples and rangers, but should be taken neither as a fact nor good advice. Professional appraisers, planners, surveyors are employed where required and the owner should consult their own financial and legal advisors for independent advice. The EBC will be pleased to provide you with names of previous donors who can discuss the proccess.

Step Two – Working out the Broad Design

    During this stage, the concept will be firmed up:

    • Land (fee simple) vs conservation agreement
    • Determine the extent of the gift vs purchase
    • Determine zone boundaries
    • Working of the conservation or life estate agreement

    Note: During this stage, the owner should consult with their family and advisors on the concept and the details developed to date to confirm the project meets their objectives. The owner is expected to let the EBC know if the project is in question before EBC spends money to finalize details in the next stages, (unless the estimates developed to date are substantially incorrect or the owner’s situation changes dramatically).

Step 3 – Checking the Impact

    At this point, experts will be brought in the assess the values, confirm the wording is effective and review the planning impact:

    • Have a qualified appraiser estimate the value
    • Get lawyers to approve the wording
    • Consult with financial planners on tax applications
    • Order a survey if required

    Here the owner should question any outstanding details or conclusions, confirm details of the project with their financial and legal advisors and confirm the family understands the agreement