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  • Legacy Lexicon
In the rapidly evolving digital era, businesses are compelled to rethink traditional practices, particularly in the realm of succession planning. 04 Nov
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Strategic Approaches to Business Succession in The Digital Age

Some events in life have unexpected effects... Inheriting a large sum of money can be like that. It sounds good, but it is often riddled with conflicting emotions and unexpected challenges. 04 Nov
  • by Estates Gone Wrong
  • Curated Content, Life Events

The Unexpected Effects of Sudden Inherited Wealth

Increasing Financial Stress Leads to Lack of Estate Planning 04 Nov
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Increasing Financial Stress Leads to Lack of Estate Planning

Leaving a legacy gift is a meaningful way to support causes you care about while also enjoying potential tax benefits. Choose the method that best aligns with your estate planning objectives. Here’s a guide to help you explore your options... 01 Nov
  • by Estates Gone Wrong
  • Charitable Misgivings, Curated Content

Planned Giving in Your Will: A Guide to Charitable Legacy Gifts

Like most things involving blended families, estate planning can be challenging. With children from past relationships or a new marriage, you need to plan carefully to take care of everyone. 31 Oct
  • by Estates Gone Wrong
  • Curated Content, Life Events

Why Estate Planning is More Challenging for Blended Families

Estate Planning Legal: Frequently Asked Questions 31 Oct
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Estate Planning Legal Center: Frequently Asked Questions

Although television and movies are entertaining with their conflicts and cliffhangers, your estate plan should not be as entertaining. 28 Oct
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Probate & Trust Administration: Dramatic Misconceptions

Being an Estate Executor: Frequently Asked Questions 28 Oct
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Being an Estate Executor: Frequently Asked Questions

Avoid Estate Administration Surprises. Performing a title search on your property as part of your estate plan could save your heirs both money and hassle.  26 Oct
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Avoid Estate Administration Surprises: Perform a Title Search

Preserving your legacy and passing on generational wealth is a cornerstone of financial and estate planning. But it doesn’t always pan out. There is much to learn from ultra-rich families who lose everything after passing on their wealth... 26 Oct
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

Lost Legacies: Wealth Squandered By the Heirs of the Ultra-Rich

The digital age has ushered in a paradigm shift in estate planning and administration... This article will delve deeper into the complexities of digital asset succession in Ontario, discussing the challenges faced, potential solutions, and the evolving legal landscape. 25 Oct
  • by Estates Gone Wrong
  • Curated Content, Digital Distress

The Evolving Landscape of Digital Asset Succession

Inheriting real estate from parents can be a significant financial lift for beneficiaries. But receiving this gift comes with significant responsibilities and decisions. 23 Oct
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Preparing for the Responsibilities of an Inherited Family Home

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Topics:

  • Beneficiary Rights (26)
  • Bizarre Bequests (30)
  • Celebrity Estates (56)
  • Charitable Misgivings (32)
  • Common Mistakes (52)
  • Communication Breakdowns (42)
  • Digital Distress (56)
  • Family Disputes (68)
  • Guardian Safeguards (38)
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  • Law Reform (36)
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  • Long-Term Care Crisis (36)
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  • Succession Lessons (42)
  • Tax-Smart Strategies (36)
  • Unique Assets & Interests (28)

Recent:

Long-Term Care (LTC) is expensive, unpredictable and often prolonged. The projected “great wealth transfer” may therefore become far more concentrated among families who are wealthy enough to absorb years of care costs without exhausting their assets.

US Long-Term Care Costs ‘Eating into’ Family Wealth

Estate trustees (Executors) have a duty to keep accurate records of estate assets and transactions throughout their administration and to account to beneficiaries at appropriate intervals.

Keeping Meticulous Records: Practical Tips for Executors

Have Canadian boomers saved enough for retirement? It doesn't seem like it... And the numbers suggest this isn’t just a handful of unlucky families. It’s a structural problem with how an entire generation approached retirement.

Why Canadian Kids Are Bailing Out Boomer Parents

A handshake promise to leave the family farm can legally override a written will in New South Wales. The legal mechanism is equitable estoppel, and courts have enforced it in farm succession disputes where the evidence is strong enough.

NSW Inheritance Law: Can a Verbal Promise Override a Will?

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