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  • Legacy Lexicon
Avoid Estate Administration Surprises. Performing a title search on your property as part of your estate plan could save your heirs both money and hassle.  26 Oct
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Avoid Estate Administration Surprises: Perform a Title Search

The digital age has ushered in a paradigm shift in estate planning and administration... This article will delve deeper into the complexities of digital asset succession in Ontario, discussing the challenges faced, potential solutions, and the evolving legal landscape. 25 Oct
  • by Estates Gone Wrong
  • Curated Content, Digital Distress

The Evolving Landscape of Digital Asset Succession

When it comes to estate planning, the saying “learn from the mistakes of others” couldn’t be more true. Here are some real-world estate planning horror stories that highlight "what not to do"... 18 Oct
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Lessons From Real-World Estate Planning Horror Stories

Inheritance disputes are as old as time, but in recent years, there’s been an increase in families embroiled in legal arguments. Here are the various stances on inheritance disputes, 2024 statistics, and the demographics of those discussing the topic online.  18 Oct
  • by Estates Gone Wrong
  • Curated Content, Family Disputes

Inheritance Dispute Statistics: 2024 Rising Trends

For family-owned businesses, succession planning is especially important, as the business often represents both a significant financial asset and a key part of the family’s identity and legacy. 17 Oct
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Essential Estate Planning for Family-Owned Businesses

In a typical estate plan, each spouse leaves their assets to the other. When the second spouse passes away, assets are distributed to their children. But what happens to your estate plan if you remarry? And what if you have children from a prior marriage? 10 Oct
  • by Estates Gone Wrong
  • Curated Content, Life Events

Remarriage: a New Family Calls for a New Estate Plan

You’ve worked too hard to let the division of your business assets become a source of pain and conflict for your family. Don’t wait until it’s too late to create a plan that protects your family’s unity and your business’s future. 03 Oct
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Don’t Let Your Business Tear Your Family Apart

5 Mistakes to Avoid When Naming a Guardian for Your Children 02 Oct
  • by Estates Gone Wrong
  • Curated Content, Guardian Safeguards

5 Mistakes to Avoid When Naming a Guardian for Your Children

Estate Planning Priorities for Canadian Business Owners 01 Oct
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Estate Planning Priorities for Canadian Business Owners

Effective communication with your family and loved ones is vital... The consequences of ambiguity or misalignment between intent and execution can be significant, potentially leading to legal battles that deplete trust resources and damage family relationships. 30 Sep
  • by Estates Gone Wrong
  • Communication Breakdowns, Curated Content

Estate Planning Case Proves Communication is Vital

Choosing the right estate planning attorney is vital for ensuring that your wishes are honored and your assets are properly managed. By following these tips, you can ensure a smoother transition of assets and provide peace of mind for yourself and your loved ones. 25 Sep
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

How Do I Choose The Right Estate Planning Attorney?

Just crafting a will isn’t enough... You need to keep it up-to-date and make changes after certain events occur to ensure that your assets will be distributed according to your wishes. Updating your will can also help prevent family squabbles over inheritance down the road. 23 Sep
  • by Estates Gone Wrong
  • Curated Content, Life Events

Crafting a Will is Not Enough: You Need to Revisit Your Estate Plan

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Topics:

  • Beneficiary Rights (28)
  • Bizarre Bequests (30)
  • Celebrity Estates (58)
  • Charitable Misgivings (32)
  • Common Mistakes (52)
  • Communication Breakdowns (42)
  • Digital Distress (56)
  • Family Disputes (68)
  • Guardian Safeguards (38)
  • Infamous Feuds (34)
  • Law Reform (36)
  • Life Events (32)
  • Long-Term Care Crisis (36)
  • Property Pitfalls (54)
  • Squandered Fortunes (24)
  • Succession Lessons (42)
  • Tax-Smart Strategies (36)
  • Unique Assets & Interests (32)

Recent:

While having an estate plan in place to provide for your possible incapacity and death is important, many people also look for a way to pass down their knowledge, values and memories. This can be done through a non-legal document called an Ethical Will...

Creating an Ethical Will: a Legacy Letter for Your Loved Ones

Long-Term Care (LTC) is expensive, unpredictable and often prolonged. The projected “great wealth transfer” may therefore become far more concentrated among families who are wealthy enough to absorb years of care costs without exhausting their assets.

US Long-Term Care Costs ‘Eating into’ Family Wealth

By the time a family sees the fall or the diagnosis, they are seeing the tip of an iceberg. The decline underneath it started much earlier. That earlier stretch is where families still have real choices.

Five Most Common Signs of Decline in Aging Parents

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

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