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  • Legacy Lexicon
New book “Squandered: How Not to Succumb to the Third-Generation Curse” puts the spotlight on the risks and pitfalls of family succession... 06 Aug
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Squandered Wealth: New Book Explores Third-Generation Curse

Worried a beneficiary will blow —or even just simply mismanage— their inheritance? Ontario wills can include spendthrift trusts with staggered distributions and trustee control. This article explains the main options... 30 Jun
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Worried Their Inheritance May Do ‘More Harm Than Good’?

Estate planners have a variety of techniques and tools that can be employed to protect beneficiaries from themselves. Learn more about how to prevent heirs from squandering their inheritances... 18 Sep
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

How Estate Plans Prevent Heirs From Squandering Inheritances

If you want your family’s money to last, you need to know what these millionaires missed. The right habits make all the difference... 09 Aug
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Making Your Family’s Money Last: Start Teaching Habits Now

Huntington Hartford II, heir to the A&P grocery fortune, experienced a significant financial decline due to a series of failed ventures and lavish spending habits, ultimately leading to bankruptcy.  08 Aug
  • by Estates Gone Wrong
  • Generated Content, Squandered Legacies

Heir to A&P Grocery Fortune Forced to File for Bankruptcy

The Vanderbilt family's spectacular rise and devastating fall represents America's most dramatic example of how even the greatest fortunes can vanish within generations... 19 Jul
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Documentary: The Vanderbilts Who Lost Everything

How my mother lost a multi-million dollar inheritance and got stuck with a $50k funeral bill: 21 ex-millionaires share how they either lost or squandered their fortunes— anonymous BuzzFeed submissions... 29 Jun
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

How My Mother Lost a Multi-Million Dollar Inheritance

70% of wealthy families lose their wealth by the second generation and 90% lose it by the third. This video breaks down why this happens and how long you can actually expect generational wealth to last, if you don't take serious action. 07 May
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Why 90% of Family Fortunes Vanish by the Third Generation

This documentary explores the extraordinary lives of six women whose inherited billions brought not just luxury, but burdens that money could never alleviate... 18 Apr
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

Heiresses Documentary: Women of Power, Wealth, and Loss

The infamous “shirtsleeves curse” is one that has occupied the mind of many a wealthy patriarch on a sleepless night. Affecting 90% of the wealthy, even America’s richest family couldn’t escape its clutches. 25 Mar
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

The Infamous “Shirtsleeves Curse”: a Case Study

Sudden wealth is often seen as a dream come true. But the reality is far more complex— What losing $14 Million taught estate planning attorney, Paul Deloughery, about sudden wealth and inheritance... 14 Mar
  • by Estates Gone Wrong
  • Curated Content, Squandered Legacies

$14 Million Lesson: The Hidden Dangers of Sudden Wealth

Generational wealth erosion is a common phenomenon where inherited wealth diminishes over time, often within a few generations. Several factors contribute to the dissipation of inherited wealth... 08 Jan
  • by Estates Gone Wrong
  • Generated Content, Squandered Legacies

Generational Erosion of Inherited Wealth: Why Does it Happen?

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Topics:

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Recent:

In many cases, an executor’s first instinct is not to call a lawyer. It is to ask Google. The problem? Google can provide thousands of answers, many of which are incomplete, inaccurate, or based on another jurisdiction. Executors need practical guidance tailored to the particular estate they are administering.

Cautionary Guidance for Executors: Google at Your Own Risk!

Many people hear “executor” and think it means reading the will and writing a few checks. In reality, executors can face personal liability. Find out exactly what you're agreeing to, before you agree...

Agreeing To Serve As Executor: Not As Simple As It Sounds

Holograph wills and codicils are often viewed as a simple and inexpensive way to record testamentary wishes. Ironically, the very simplicity that makes holograph codicils attractive can also make them extraordinarily vulnerable...

Ontario Case Study: The Hidden Risks of a DIY Codicil

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Art Collections & Estate Planning: Why it’s Time to Get Proactive

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