Conservation Easements: Legal, Appraisal, Accounting and Ethical Issues 2020

September 18, 2020 at 11:30am5:00am
Alabama Chapter and the Georgia-Alabama Land Trust

The Alabama Chapter and the Georgia-Alabama Land Trust are again partnering to present a seminar that addresses current information and issues when valuing Conservation Easements. This timely seminar will address current legal and valuation issues associated with appraising Conservation Easements. Subject Matter experts from the various facets of the Conservation Easement realm will provide insight into their role in the process.

  • 11:30am -11:45am Introductions and Continuing Education Housekeeping
  • 11:45am - 12:50pm: Steve Small, attorney and one of the nation’s leading authorities on private land protection options and strategies will discuss recent developments in conservation easement drafting and perspectives. Mr. Small authored the Federal Tax Law of Conservation Easements as well as numerous publications. He wrote the Federal Income Tax Regulations on Conservation Easements as attorney-advisor in the Office of Chief Counsel of the Internal Revenue Service.
  • 12:50pm - 2:00pm: Two experienced appraisers, Philip E. Paulk, MAI, AI-GRS and Lucus Von Esh, MNAA will discuss complying with IRS Rules on Qualified Appraisals and Qualified Appraisers. Mr. Paulk will discuss such things as Appraisal Requirements for Conservation Easement Appraisers by Yellow Book, Federal Definition o Market Value, Before and After Value. Mr. Von Esh will discuss Private/Lending Appraisals vs Conservation Easement Appraisals, the Evolution of Conservation Easement Appraisal, and the evolution of the conservation easement appraisal.
  • 2:00pm - 2:15pm Break 2:15pm - 3:00 pm:Vivian Hoard, Attorney will give an Update on Conservation Law. Discussion will include the Battlefronts: Technical Foot faults, Valuation, Appraisers Penalties, Criminal Investigations, Injunctions and Senate Finance Investigation.
  • 3:00pm - 4:00pm: Stephanie Surles, CPA will discuss the new Form 8283 Requirements and Updates on Accounting Issues with Conservation Easements. Ms. Surles will present the Form 8283 and discuss the role of the form in Conservation Easements, The importance of the form being prepared correctly, what information should be included on the form and who must sign the form.
  • 4:00pm - 5:00pm:  Alex Robertson, Esq. will present updates on Ethics issues with Conservation Easements and Land Trust. Mr. Robertson will present LTA Standards and Practices and LTA Accreditation information. He will discuss Easement Violations with Legal and Ethical Obligations.

*Please note there is a cost