Taxation and Legacy Planning
Whether you plan to harvest timber, have experienced damage to your forest from a natural disaster, or desire to pass your land on to the next generation, there will often be tax, documentation, and business considerations. Understanding forestry-related tax implications and having conversations with family about succession planning are essential to managing your forest to reach your long-term goals.
Tax Resources
Additional Tax Resources
- The Montana Forest Owners Association (MFOA) works to reduce estate taxes for small family forest owners and supports fair income, estate, and property tax legislation. On MFOA website, you can find news on changes in and new tax policies.
- The National Timber Tax Website contains publications and videos to be used by forest land owners regarding tax implications in relation to timber activities.
- My Land Plan has a variety of resources to help you understand your taxes as a forest landowner.
Legacy Planning Resources
Additional Legacy Planning Resources
- MSU Extension's Estate Planning website contains over 50 estate planning publications specific to Montana.
- Ties to the Land webpage provides resources to assist family forest owners maintaining their forest and succession.
- Your Legacy, Your Land videos through American Forest Foundation has a catalogue of recorded webinars on woodland legacy planning.