Of the 10 million acres of family-owned forestland in Virginia, more than 4 million acres of it is owned by people 65 years or older. About 80 percent of these landowners envision their woodlands staying intact, in forest, and in the family; but only 3 percent have taken active steps to ensure this will happen. There are many challenges when passing that land forward to the next generation.
To make that transition smoother, Virginia Cooperative Extension, in close partnership with the Virginia Department of Forestry, is helping families in Virginia take the next step in preparing to pass their land to members in the family by holding a series of legacy planning workshops.
Those who have gone through the classes in said they were big help in learning the importance of planning ahead to minimize financial costs and emotional challenges that come along with securing the legacy of their land.