ARKANSAS United Country Neeley Forestry Service Inc. J.D.Neeley jdneeley@neeleyforestryservice.com Camden, AR 870-836-5981 www.ucneeleyforestry.com Davis Dubose Knight Forestry & Real Estate Mark Knight mknight@forestryrealestate.com Little Rock, AR 1-888-695-8733 www.forestryrealestate.com ALABAMA Southeastern Land Group Jonathan Goode jonathan@selandgroup.com Dadeville, AL 256-825-4331 www.selandgroup.com IDAHO United Country Musick & Sons Rick Musick rick@musicklandgroup.com Grangeville, ID 208-983-0069 www.ucidaholand.com United Country Northwest Land & Lifestyle Properties Tom Moore tom@nwlandlifestyle.com Hayden, ID 208-772-3000 www.northwestlandandlifestyleproperties.com MISSISSIPPI United Country Gibson Realty & Land Company Scott Lindsey lindseyforestry@hotmail.com McComb, MS 39648 601-250-0017 www.gibsonrealtyms.com Tom Smith Land and Homes Tom Smith tom@tomsmithland.com Ridgeland, MS 39157 601-898-2772 www.tomsmithland.com MINNESOTA United Country Banning Junction Real Estate Natalie Cowart natalieunitedcountry@gmail.com Moose Lake, MN 612-390-3945 www.mooselakerealestate-mn.com Close~Converse Properties Jody Osterloh jody@closeconverse.com Brainerd, MN 1-866-403-LAND (5263) www.landradar.com Bear Island Land Co., Inc. Charlie Chernak charlie@bearislandland.com Ely, MN 218-235-6239 www.mnlands.com POTLATCHDELTIC PREFERRED BROKER NETWORK Let us show you why your PotlatchDeltic Preferred Broker is the only name you’ll need to know when it comes to buying property. Please contact the broker nearest your area of interest or visit us at www.PotlatchDelticLandSales.com. We look forward to helping you with your property search! Continued from page 1 4 www.PotlatchDelticLandSales.com CORPORATE OFFICE: 601 West First Street Spokane, WA 99201 | (509) 835-1500 SO YOU WANT YOUR PROPERTY TO BE A LEGACY? PLAN AHEAD. 2. If you plan to leave the property to your family, think about the type of ownership structure you want. Often, families form a trust or partnership, and there are pluses and minuses with this approach. With this approach, all members of the partnership get a voice in decisions, but there can be unintended consequences when family members develop different ideas about whether they want to keep the land long-term. As a hypothetical example, let’s say six siblings inherit a property. But after owning the property for several years, they are disagreeing about the future. Two want to keep the property long-term, two want to sell, and two aren’t sure what to do. What happens then? Hopefully, the siblings’ parents would have set up buy-sell agreements, giving the siblings the opportunity to buy out each other’s interests. With such agreements in place, the property could stay in the family without creating conflict. Your team of advisors should be able to think about potential downsides to any possible ownership structure, and can help you put structures in place to prevent issues in the future. 3. If you decide you want to donate the property, do your homework. If your property is next to a wildlife management area, you may have the opportunity to donate the property someday. So how do you know if that’s possible? First, work with your real estate professional to talk to the proper government entity about the possibilities. As an example, in Minnesota you’d start with the Minnesota Department of Natural Resources. Then, as you work with your team, think about implications like how such a donation could impact your taxes. 4. There also may be the possibility of making a donation while keeping a family retreat. PotlatchDeltic recently did such a hybrid deal with a 988-acre property in the Brainerd Lakes area of Minnesota. The company first placed a conservation easement on the property while retaining four building sites spread around the property. Then, another owner bought the property, subject to keeping the building sites with their own private easements. With this approach, the land can never be developed beyond the homesites. Hundreds of acres are preserved for wildlife production. And each building site owner will have the right to use the property and to build a cabin. No matter which approach you take in planning your legacy property, it’s critical to work with a recreational real estate professional that has experience in working with such properties. The pros in the PotlatchDeltic Preferred Broker Network have this experience, having sold properties that have subsequently stayed in families for years. Call one of our Preferred Brokers today to start planning your own legacy!