Montgomery Business Journal
Monday, July 1, 2019
WHEN IT COMES TO FAMILY LAND
The Jones family has owned several thousand acres of land in Central Alabama for decades. Their property has timber, farming and potentially sand and gravel deposits. Additionally, it has excellent hunting areas. Some parcels adjoin residential and light industrial development.
The property is currently managed by Mr. Jones, who farms, harvests some timber, leases some of the land to hunting clubs and uses some land for family recreation. No mineral development plan exists, and the family is not interested in developing the land for other uses, even though companies have approached them to discuss selling.
The Joneses have two grown children who live elsewhere, and while they are not able to assume direct management of these assets, the property is a very important part of this family’s legacy. Mr. and Mrs. Jones do not have a will but fully intend to leave these assets to their children. The Joneses are looking for advice, guidance and a management plan that incorporates their objectives for the property they love, but they aren’t sure where to turn. Part of the answer may be an experienced and reputable land manager.