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  • Legacy Lexicon
Being an executor is no easy task. While it can be a great honor, the role comes with significant responsibilities and potential risks. Before agreeing to serve as an executor, make sure you understand the scope of your duties and the possible hazards involved.  16 Mar
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Surprising Hazards of Being an Executor: Know the Risks!

Divorce significantly impacts estate plans, potentially invalidating provisions naming a former spouse as a beneficiary or executor, so a review and update are crucial.  13 Mar
  • by Estates Gone Wrong
  • Generated Content, Life Events

The Significant Impact of Divorce on Your Estate Plans

Although still commonly used, in Ontario the term "probate" stopped being officially used on April 1, 1995 (no joke…). What is the process to obtain a Certificate of Appointment, with or without a will? This article answers some of the most common questions... 11 Mar
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Frequently Asked Questions About Certificates of Appointment

Understanding your rights as a beneficiary is pivotal when navigating the complexities of trust and estate matters. When beneficiaries are informed and involved, it fosters a climate of fairness and confidence in the legal proceedings. 10 Mar
  • by Estates Gone Wrong
  • Beneficiary Rights, Curated Content

Shedding Light on Beneficiary Entitlements During Probate

Sometimes, an estate’s debts and liabilities are greater than its assets. In Canada, an insolvent estate can only be assigned into bankruptcy with the court's permission. This is specifically outlined in Section 49(1) of the Bankruptcy and Insolvency Act (BIA). 10 Mar
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Assigning an Involvent Estate into Bankruptcy: Canada

Can You Decline or Step Down as Power of Attorney in Canada? 10 Mar
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Can You Decline or Step Down as Power of Attorney in Canada?

While beneficiaries have many rights, the reality of probate can still create challenges. Navigating these obstacles is often more manageable when you know what to expect.  05 Mar
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

What Rights Do Beneficiaries Have During Probate?

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

Whether you’re an executor tasked with administering a loved one’s estate or a family member seeking to understand what lies ahead, this comprehensive guide will walk you through every step... 25 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Complete Guide to Estate Settlement in Canada

Finding the right will making software for your family situation can streamline the process and allow you to have everything in order for your heirs. These sites can help you create an affordable will online... 20 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

How to Create an Affordable Will Online: United States

Canadian Estate Law: The Presumption of Resulting Trust 04 Feb
  • by Estates Gone Wrong
  • Generated Content, Legacy Lexicon

Canadian Estate Law: The Presumption of Resulting Trust

Understanding your rights to transparency, fair distribution, and legal recourse can help protect your inheritance and hold executors accountable. If you suspect wrongdoing or mismanagement, seeking legal guidance is the best course of action. 03 Feb
  • by Estates Gone Wrong
  • Beneficiary Rights, Curated Content

Estate Beneficiary in Canada: Understanding Your Legal Rights

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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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