Life requires us to do many things, as it encompasses much. Estate planning can touch on many parts of an individual's life. It can dictate who will make important financial and health care decisions in the event of an individual's incapacitation, and it, of course, can layout how assets will be distributed upon death. Those assets typically include a family home, bank accounts, retirement accounts and family heirlooms. Yet, as our world becomes more and more digitized, Ohio residents should ensure they don't neglect their digital assets when engaging in estate planning.
Land is amongst some people's most prized possessions. For some, it carries tremendous value that is either sentimental or financial in nature. In the best cases, it holds both types of value. Many Ohio residents plan to hold onto their land to pass on to future generations, while others are holding out for the right market to sell and make a significant profit. This seems like how the system should work, but the government can step in, and through the use of eminent domain, they can derail a landowner's rights.