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LinkedInPassing land and legacy on to the next generation
”Family forests create many benefits through their stewardship actions, but the legacy can fall prey to the confusing details of land titles, permits, and inheritance if families have not crafted a succession plan,” said Bill Stewart, UC Cooperative Extension forestry specialist and organizer of the series. “This is especially true for owners who do not live in the county where their forest is. Their heirs have probably spent little time on the land, and the lack of shared goals can become a problem.”
With succession planning, land owners clarify their values and goals for the forest or ranch, determine their heirs' interest in the property, learn legal and business considerations, and understand the financial impacts of ownership transfers across generations.
