Land Trusts

We can’t help but worry about the future. We are concerned for families, our homes, and places and things we hold dear. Fortunately, there are legal instruments out there that, when used correctly, can help bring us peace of mind. For example, you might own land that you love. It may have been in your family for generations. What will happen to it after you are gone? Maybe you had visions of it being preserved and enjoyed by the public for years to come. Your vision can be ensured by something called a land trust. Unique Estate Law can help you establish a land trust and put other estate planning measures in place to help you secure the future you want for the things you value the most.

Current Threat to Public Lands

Under the current administration, it is likely that many public lands will be sold off to private holding individuals or corporations. Congress has already passed legislation paving the way for broad-sweeping transfers of federal land. It has been predicted that the first federal lands to be affected by these changes include Grand Canyon National Park in Arizona and Minnesota’s Boundary Waters. These two areas may be lucrative opportunities for private companies to mine uranium and copper.

If you know about Minnesota, you know that the Boundary Waters is an area rich in natural treasure. Upstate New York may have the Catskills, but, here in Minnesota, we have the Boundary Waters. If you own land in the Boundary Waters region or live in rural Minnesota, you may have considered donating your land to the public in order to preserve that land for conservation or environmental reasons. You may have wanted to donate the land to the public as designated hunting grounds. Now, with the threat of public lands being sold off, you may be reconsidering any plans to donate land.

Establish a Land Trust

If you have considered donating land to the public, the risk of having your donated lands later sold off probably makes you hesitant to proceed with this plan. Establishing a land trust can solve this problem.

A land trust is a way to hold the land for a specific use in the future without it being sold off to a business. With a land trust, you can specify that you want your land preserved for a certain public use without having to give it to the public outright. This way, your trust retains control of the land, the land is preserved for the purposes you designate, and the land will not be sold off by the government along with other public lands.

Secure a Future You Want with a Comprehensive Estate Plan

All land holds distinctive value for its owner. A land trust is one way to protect the future of an asset you hold dear and can be established during the estate planning process. Attorney Chris Tymchuck at Unique Estate Law makes it a priority to understand his clients’ individual needs and designs personalized estate plans to reflect this. He does not charge hourly and is completely transparent with all of his fees. Estate planning is too important to put off. Contact Unique Estate Law today.

If you are interested in having a land trust consultation, contact us today by filling out a contact form or calling us at (952) 260-2043 with any questions you might have. Feel free to check out our fees page for pricing information.

From within Hennepin County Unique Estate Law represents clients throughout Minnesota, including Minneapolis, Edina, Bloomington, St. Louis Park, Minnetonka, Plymouth, Wayzata, Maple Grove, St. Paul, and Brooklyn Park.

9.3Chris Tymchuck

© 2020 Unique Estate Law | Disclaimer
5901 Cedar Lake Rd., Minneapolis, MN 55416
| Phone: 952-358-7400

Practice Areas | Fees | COVID-19

TwitterLinked-In PersonalLinked-In CompanyBlog RSS

Attorney Website Design by
Amicus Creative

9.3Chris Tymchuck