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  • Estates Gone Wrong
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  • Legacy Lexicon
Even well-intentioned executors can make mistakes that lead to delays, legal issues, or personal liability. Here is a list common pitfalls in estate administration with tips on how to avoid them. By being aware of these, you can proactively take steps to stay on track and out of trouble. 21 May
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Common Estate Administration Pitfalls & How to Avoid Them

Central to this journey is the unwavering commitment to transparent communication... Although rife with complexity, estate administration can be navigated with sagacity and a judicious approach. 10 Apr
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Unwavering Commitment to Transparent Communication

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!

Even the most well-meaning executors may encounter unforeseen difficulties during the estate administration process. Errors in estate administration can make an otherwise simple procedure more difficult. Learn more about these common mistakes and how to avoid them... 24 Feb
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Estate Administration in Ontario: Avoiding Common Mistakes

Executor negligence can cause trouble among beneficiaries, leading to bad sentiment and possible legal disputes. Find out what happens if an executor fails to complete estate administration duties in BC... 30 Jan
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Estate Administration Duties: The Cost of Executor Negligence in BC

This comprehensive guide explores probate requirements across Canada’s provinces and territories, highlighting the steps involved, costs, and unique regional considerations. 29 Jan
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Probate Requirements Across Different Canadian Provinces

If an account holder passes away or loses capacity, their legal representatives may not be able to access their digital assets held by a virtual custodian. Alberta Law Reform Institute recommends authorizing fiduciaries to access digital assets through new legislation. 13 Nov
  • by Estates Gone Wrong
  • Curated Content, Law Reform

Authorizing Fiduciaries to Access Digital Assets

The Inheritance Games offers a thrilling exploration of estate planning through the lens of a captivating mystery. By learning from the fictional world of Avery Grambs, we can gain valuable insights into the importance of a well-created estate plan. 05 Nov
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Estate Planning Lessons from “The Inheritance Games”

Charities have Fiduciary Duties as Estate Beneficiaries | Charitable Bequests | Administration | Philanthropic Advisor | Estates Gone Wrong 29 Aug
  • by Estates Gone Wrong
  • Charitable Misgivings, Curated Content

Charities have Fiduciary Duties as Estate Beneficiaries

Learn why fiduciary access to digital assets matters and how a new Alberta Act would help facilitate access... 07 Aug
  • by Estates Gone Wrong
  • Curated Content, Law Reform

Alberta Law Reform: Fiduciary Access to Digital Assets

While Canada’s tax system doesn’t impose a traditional inheritance tax, estate taxes through capital gains, final income returns, and probate fees can still shrink inheritances dramatically. By leveraging these strategies, you can pass down more of your hard-earned wealth. 20 Nov
  • by Estates Gone Wrong
  • Curated Content, Tax-Smart Strategies

Things to Know Before Filing a Loved One’s Final Tax Return

While not intended to be comprehensive in nature, this guide lays out a basic summary of what is involved and some things to keep in mind if you are involved in settling a loved one’s estate. 29 Aug
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Basic Guide to The Probate Court Process in Ontario

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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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