10 Biggest Mistakes

Tom Doak, Executive Director of SWOAM (Small Woodland Owners Association of Maine), gave an excellent presentation at the Town Office last Friday night on "10 Bigggest Mistakes Forest Landowners Make."   He said the idea for the presentation, which he has given throughout the state, grew out of many common questions SWOAM gets from landowners.  It was an eye-opening presentation and if you missed it here, you should try to catch one somewhere else.  For more information, check out SWOAM's website:  www.swoam.org

 

In brief, Tom said the 10 Biggest Mistakes are:

 

1.    Not knowing what you own; Not knowing  what you             have;

2.    Being Afraid To Do Anything;

3.    Misunderstanding Maine's Liability Law;

4.    Not Doing Estate Planning;

5.    Paying Too Much Income Tax;

6.    Not Understanding Current Use Taxation;

7.    Failing To Keep Good Records;

8.    Not Understanding How to Work with Foresters &         Loggers;

9.    Not Understanding Posting Law; and

10.    Not Staying Informed/Asking for Help