It may be true but there are things you can do about it. Of course it means giving up something yourself.
You can place all of your land into a conservation easement to lock it up in perpetuity, long after your death. It's like a driveway easement, only instead of a narrow strip, you are providing the easement across your entire land. The dominant estate (i.e. the beneficiary) is typically a government land trust, and you can specify what's allowable and not. For example, tapping of trees is Ok, but logging for timber is not, nor is building McMansions. You don't lose the right to use your land, but you must also abide by the restrictions you set forth, in case you lose your mind when you are 80 and decide heck yeah I'll sell off some acreage to a developer and buy a new TV. You can sell your land but just like a driveway easement, the restrictions stay in force to any and all future owners. And the trust checks just about every year to ensure it's being followed. They absolutely will (and have) sue an owner blind if it is violated. You might also get a tax deduction for the loss of value that is incurred by the restrictions (if they extend the tax credits).
We recently acquired 30 acres of absolutely prime potential development land in one of the hottest growing areas in greater Cincinnati. I realize that's not very big to a lot of people, but this close to major city sprawl it was worth about 10 times less just 20 years ago. And the price would never have been possible for us at market rates but we managed to sell a compelling vision to the seller, and now we've got some promises to keep. We're spending a freaking fortune this year to plant 11 acres with 6000 native trees and shrubs, 13 acres of native grasses and meadows, and restore an ancient pond and spillway. And it's all going into the conservancy as soon as we work through all the legal stuff. Nobody's building houses on this land, ever. Booya!
Cause even if you have kids, who knows what they'll do after you're gone? Or when they're 80? Or what their kids will do. Ever watch Pawn Stars? How many people are walking in there to hock Grandpa's treasured antique he gave them? I guess I'm kind of a control freak and that includes beyond the grave.
If you are interested in learning more, check out:
http://www.landtrustalliance.org/con...tion-easements
If you really want a gift for many future generations, please consider something like this .....
-Laz
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Off vacuum and back to bags in 2023!
8000 saplings planted and growing
Leader 2x6 Oil-Fired, Revolution Pans