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  • Legacy Lexicon
It’s important to acknowledge that death is a part of life and think about preparations with a consumer mentality. Just like with other significant purchases, we have to educate ourselves before we buy... 15 Aug
  • by Estates Gone Wrong
  • Curated Content, Related Resources

A Consumer’s Guide to Funeral Planning

If a personal representative wishes to purchase estate assets, it should be with the consent of all beneficiaries or occur at fair market value with the approval of the court. 14 Aug
  • by Estates Gone Wrong
  • Curated Content, Related Resources

BC Supreme Court Ruling: When “Self-Dealing” May Be Allowed

Kate Rothko Prizel, the daughter of renowned abstract artist Mark Rothko, once said being 19 was the worst year of her life. Still only a teenager, in 1970, Prizel was embroiled in a bitter legal battle with her father’s estate executors and the directors of the Marlborough Fine Art gallery. 10 Aug
  • by Estates Gone Wrong
  • Curated Content, Infamous Feuds

How Greed Rocked the Art World: The Estate of Mark Rothko

In Canada, estate laws fall under provincial jurisdiction, meaning they can vary from one province to another. Therefore, it’s essential to be familiar with the laws in the province where the estate is located. 01 Aug
  • by Estates Gone Wrong
  • Beneficiary Rights, Curated Content

Estate Disputes in Canada: Your Legal Rights & Protections

Maybe you thought that creating a Will or Trust is something you can do once and then your family and assets are protected forever after. In reality, life events can drastically affect your estate plan and even cause your plan not to work in the way you intended. 29 Jul
  • by Estates Gone Wrong
  • Curated Content, Life Events

10 Life Events that Signal it’s Time to Review Your Estate Plan

If you have kids, you need to name a guardian for them when making your will. Consider these steps to help you make this important decision. 25 Jul
  • by Estates Gone Wrong
  • Curated Content, Guardian Safeguards

5 Steps to Choosing a Guardian for Your Children

Different kinds of life events will have different impacts on your finances. If you’re going through one of these life transitions or are preparing for a change, this article has information that you might find valuable... 14 Jul
  • by Estates Gone Wrong
  • Curated Content, Life Events

Overcoming The Financial Impacts of Major Life Events

After deliberating for almost one hour, jurors found that a handwritten will, discovered under a sofa cushion by Franklin’s niece after the singer’s death, was signed by the music legend in 2014 and does show her intent. 11 Jul
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Jury Reaches Verdict in Battle over Aretha Franklin’s Estate

Too many parents take comfort in the misconception that where both parents become incapacitated or die, another family member will automatically take over caring for their children. The reality is, the rights and responsibilities of guardianship do not simply pass to a surviving family member. 10 Jul
  • by Estates Gone Wrong
  • Curated Content, Guardian Safeguards

Testamentary Guardianship: Safeguarding Your Child’s Future

Aretha Franklin’s Handwritten Last Wishes: a Tale of Two Wills 06 Jul
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Aretha Franklin’s Handwritten Last Wishes: a Tale of Two Wills

Five Reasons You Should Consult a Tax Advisor During the Estate Litigation Process 26 Jun
  • by Estates Gone Wrong
  • Curated Content, Tax-Smart Strategies

5 Reasons to Consult a Tax Advisor During Estate Litigation

Looking to transition your business to the next generation? Many entrepreneurs have learned the hard way, simply having adult children or relatives that could potentially run the family business is no guarantee that the transition will go smoothly. 24 Jun
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Do Your Kids Really Want to Take Over the Family Business?

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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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