The USDA Forest Service Southern Research Station has released Estate Planning for Forest Landowners: What Will Become of Your Timberland? a book that provides private forest owners with practical information about tax and estate planning and techniques involving forest properties.
The book presents a working knowledge of the federal estate and gift tax law with particular focus on the unique characteristics of owning timber and forest land. The book consists of four major parts that:
Develop the practical and legal foundation for estate planning.
· Explain and illustrate the use of general estate planning tools.
· Explain and illustrate the use of additional tools that are specific to forest ownership.
· Describe the forms of forest land ownership, as well as the basic features of state transfer taxes and the benefits of forest estate planning.
The book is posted on the Southern Research Station website at http://www.srs.fs.usda.gov/pubs/gtr/gtr_srs112.pdf. A webinar, "Timber Tax Tips for the 2010 Tax Season," which features John Greene and other tax experts, also is available at http://www.forestrywebinars.net/previous-webinars