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  • Legacy Lexicon
Spendthrift trusts help ensure that beneficiaries can’t squander their inheritance. They can also serve to protect assets from creditors. Rather than allowing the beneficiary to receive a lump sum, the trustee releases the money incrementally. 07 Aug
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Spendthrift Trusts: What Are They and How Do They Work?

Greed and Conflict Among Siblings in Inheritance Matters | Curated Content | Family Disputes | Estates Gone Wrong 30 Jun
  • by Estates Gone Wrong
  • Curated Content, Family Disputes

Greed & Conflict Among Siblings in Inheritance Matters

For a loved one struggling with an addiction, a direct inheritance could be dangerous. However, disinheriting an addicted adult child is NOT the only option. Thankfully, there is an alternative estate planning solution available. 12 Mar
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Before You Disinherit a Loved One Struggling with Addiction…

The future is unknowable, but centering your plan on your values and communicating regularly with your fiduciary and your family will set your family on the path to success. 04 Mar
  • by Estates Gone Wrong
  • Curated Content, Life Events

Resilient Estate Planning in The Face of Unexpected Life Events

If you wish to restrict the flow of inherited money to your child, you can do so through your will or trust. While there are legal limits on conditional gifting, you are generally free to structure an inheritance the way you would like. 07 Feb
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Bequests with Strings Attached: Are Conditional Gifts a Good Idea?

The legal dispute between Danny Bennett, the eldest son of Tony Bennett, and his sisters, Antonia and Johanna Bennett, has intensified in court. 16 Jan
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Tony Bennett’s Kids in Legal Battle: Estate & Trust Dispute

My mom, 65, inherited $450K when my dad died — but now she’s hooked on slots and burning through the cash. How can I protect our family’s assets before it’s too late? 27 Sep
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

My Mom Inherited $450k: Now She’s ‘Hooked on Slots’

Incorporating tools and strategies into your estate plan to mitigate a beneficiary’s spendthrift habits is vital to protect both the beneficiary and your assets. 21 Mar
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

Estate Planning Strategies for Managing a Spendthrift Beneficiary

It’s hard to know how much of Barbara Hutton’s tragic life was caused by her early inheritance. But her story still can be useful to help spare children and grandchildren the irreversible damage caused by too much money at too early an age. 14 Feb
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

The Woolworth Misfortune: How Not To Provide For Heirs

An Oregon woman —who "could not be contacted about the money despite numerous attempts to reach her"— died homeless, unaware she was entitled to over $800,000 in inheritance. 04 Jun
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Woman Dies Homeless Unaware of $800k Inheritance

Disney is one of the biggest media companies in the world, with an estimated net worth of nearly $130 billion. From a family-trust-fund feud to generous philanthropic endeavors, here's a look at the three generations of the Disney family. 11 Feb
  • by Estates Gone Wrong
  • Curated Content, Infamous Feuds

Disney Family Feud as Heirs Battle for $400 Million Trust Fund

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Recent:

Inheriting a collection is a significant emotional and financial event. It connects us to our past, to loved ones, and to histories that may span generations. Yet, it also presents a daunting challenge: how to decide what to keep and what to sell. 

Inherited Collectibles: Practical Tips for Deciding What to Keep or Sell

Over the past decade, a caregiving crisis has been building in the workplace. Currently, 35% of the Canadian workforce or 8 million people, are struggling and juggling their work responsibilities with caregiving duties.

Caregiving Crisis at Work: Millions of Canadians Struggling

Discretionary trusts can be an effective way to provide for beneficiaries without granting them fixed entitlements. However, these structures can create uncertainty for beneficiaries... Understanding the legal framework is critical for both sides.

Ontario Guide to Discretionary Trusts and Beneficiary Rights

What happens when the domestic tax rules of two different countries look at the same person and both conclude that the individual is a tax resident?

Navigating Dual-Residency: Canada’s Tax Treaty Tie-Breakers

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