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  • Estates Gone Wrong
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  • Related Resources
  • Legacy Lexicon
It is important to understand the limited purpose and necessity behind 'Net Family Property' clauses. They are not a catchall for sheltering and protecting the inheritance of a divorcing beneficiary, although they usually have the appearance of trying to achieve this objective. 12 Aug
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Understanding the ‘Net Family Property’ Exclusion Clause: Ontario

Ever wonder what someone does when they want to keep their estate in the family, but hate all their current relatives? American lumber baron, Wellington Burt, came up with a 'spiteful' solution... which kept most of it 'tied up' for 91 years! 11 Aug
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

The “Spite Clause”: American Lumber Baron Wellington Burt

A Cautionary Tale in Will Drafting and Limitation Periods... When Does the Clock Start Ticking? 28 Jul
  • by Estates Gone Wrong
  • Curated Content, Related Resources

A Cautionary Tale in Will Drafting and Limitation Periods

The things that matter most aren’t always in a bank account— "The $2 Million Lawsuit That Started Over Grandma’s Lasagna Recipe"... 24 Jul
  • by Estates Gone Wrong
  • Curated Content, Family Disputes

Siblings Battle Over Rights to Grandma’s Lasagna Recipe

DIY estate planning, while seemingly straightforward with online templates and software, often falls short of providing adequate protection and may lead to significant problems during estate administration. 11 Jul
  • by Estates Gone Wrong
  • Frequently Asked Questions, Generated Content

Frequently Asked Questions About “DIY” Estate Planning

Charitable Bequests: The Importance of Names 10 Jul
  • by Estates Gone Wrong
  • Charitable Misgivings, Curated Content

Charitable Bequests: “What’s in a Name?”

It is best to customize a will or trust to your specific situation. Sometimes you want more say in how or when your beneficiaries will acquire and use your assets. For this reason, several clauses are commonly included in wills or trusts... 02 Apr
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Types of Clauses Commonly Included in Wills or Trusts

A will in terrorem clause, also known as a "No-Contest" clause, is a legal provision that can be included in a will to discourage beneficiaries from challenging its validity. This clause disinherits any beneficiary who contests the will, which means they will not receive any inheritance. 10 May
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

What is an “In Terrorem Clause” and How Does it Work?

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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

There are a few key options to transfer art to the next generation outside a will, mitigating taxable capital gains and probate fees. Here's what to consider and why it’s time to get proactive...

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

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