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  • Estates Gone Wrong
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  • Legacy Lexicon
It is generally unreasonable to expect an executor to work for free, or for less than the standard rate, given the considerable amount of work involved. For potential executors, clarity about compensation helps them make informed decisions about accepting the role. 04 Nov
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Is it Reasonable for an Executor to Expect Compensation?

When someone dies owing more money than their estate contains, the situation becomes an insolvent estate. Understanding the laws governing insolvent estates is crucial for anyone appointed as an estate trustee. 23 Oct
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Complete Guide to Understanding Insolvent Estates in Ontario

Relocating to a new province or country can have significant legal implications for your estate plan. This article explores when and why you may need to update your will after a move, along with key considerations for cross-jurisdictional estate planning. 26 Sep
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Can Moving Affect the Validity & Effectiveness of Your Will?

Neutral Ground in Family Storms: How the appointment of a professional estate executor can help families navigate turbulent waters. 12 Sep
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Reasons for Appointing a Neutral Professional in The Role of Executor

The term "executor" itself is used across many legal systems and cultures. Other terms like "estate trustee" and "estate representative" are also used, but the core function remains the same: managing the estate according to the will. 14 Aug
  • by Estates Gone Wrong
  • Generated Content, Legacy Lexicon

Estate Executor: Role —by any other name— Remains the Same

An executor has both authority and legal duty. With that comes potential risk. Acting without proper guidance can expose you to delays, disputes, or even personal liability. This article highlights the top five executor missteps and how to steer clear of them... 03 Aug
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Top 5 Mistakes Executors Make & How To Avoid Them: Ontario

Recent Ontario Court of Appeal ruling reaffirms the modern cost approach in estate litigation: trustees who fail in their duties may not only be removed but may also bear the personal financial burden of their choices. 22 Jul
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Personal Liability for Costs Due to Breach of Fiduciary Duty: Ontario

In Ontario, the term "executor" is now often replaced with "estate trustee" to more accurately reflect the fiduciary role they play in managing an estate. This change is not Canada-wide, but specific to Ontario's legal terminology.  21 Jul
  • by Estates Gone Wrong
  • Generated Content, Legacy Lexicon

Executor vs. Estate Trustee: Ontario Specific Legal Terminology

Acting as an Estate Trustee can be challenging. It is important to appoint an individual who is responsible and reliable to fulfil this role as they have a fiduciary responsibility to the beneficiaries. 18 Jul
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

What is an Estate Trustee? What are their Responsibilities?

Estate Administration: The Biggest Mistakes Executors Make 04 Jul
  • by Estates Gone Wrong
  • Common Mistakes, Generated Content

Biggest Mistakes Executors Make During Estate Administration

When a Will contains vague, contradictory, or incomplete instructions, it doesn’t just create paperwork headaches— it can ignite family disputes that last for years. 11 Jun
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

What Really Happens When Wills Aren’t Clear?

Fiduciary Duty: Definition & Different Types Explained 25 May
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Fiduciary Duty: Definition & Different Types Explained

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Ever thought about gifting a property to your children? I recently had this very discussion with my own aging parents. This resulted in some important discussions about our family home, their goals and consideration for the tax outcomes of any decisions made...

Transferring the Family Home: Considerations for Canadians

Transferring property to heirs "inter vivos" offers emotional benefits and potential probate fee reduction, but can trigger an immediate capital gains tax liability and means a loss of control and potential exposure to your heir's creditors. 

Gifting Property to Your Heirs “Inter Vivos”: Pros and Cons

Major life transitions can cause stress that makes it hard to think clearly, leading to poor financial decisions. A Certified Financial Transitionist can help you manage the financial and emotional aspects of these events.

The Financial and Emotional Challenges of Major Life Changes

Staying informed isn’t just good practice. It protects relationships, builds trust, and ensures clients feel safe and supported. Consider bookmarking the BankSafe Dementia Hub as a go-to reference when navigating delicate client situations.

Dementia Hub: Fraud Prevention Resources from AARP

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