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  • Legacy Lexicon
In the legal world, “testamentary intentions” refer to a person’s wishes for the administration of their estate and distribution of their assets after death. 30 Aug
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Testamentary Intention: The Interpretation of Wills

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

How to Plan for Incapacity & Guardianship: Canada 18 Aug
  • by Estates Gone Wrong
  • Curated Content, Guardian Safeguards

How to Plan for Incapacity & Guardianship: Canada

If a personal representative wishes to purchase estate assets, it should be with the consent of all beneficiaries or occur at fair market value with the approval of the court. 14 Aug
  • by Estates Gone Wrong
  • Curated Content, Related Resources

BC Supreme Court Ruling: When “Self-Dealing” May Be Allowed

Maybe you thought that creating a Will or Trust is something you can do once and then your family and assets are protected forever after. In reality, life events can drastically affect your estate plan and even cause your plan not to work in the way you intended. 29 Jul
  • by Estates Gone Wrong
  • Curated Content, Life Events

10 Life Events that Signal it’s Time to Review Your Estate Plan

Too many parents take comfort in the misconception that where both parents become incapacitated or die, another family member will automatically take over caring for their children. The reality is, the rights and responsibilities of guardianship do not simply pass to a surviving family member. 10 Jul
  • by Estates Gone Wrong
  • Curated Content, Guardian Safeguards

Testamentary Guardianship: Safeguarding Your Child’s Future

Five Reasons You Should Consult a Tax Advisor During the Estate Litigation Process 26 Jun
  • by Estates Gone Wrong
  • Curated Content, Tax-Smart Strategies

5 Reasons to Consult a Tax Advisor During Estate Litigation

Looking to transition your business to the next generation? Many entrepreneurs have learned the hard way, simply having adult children or relatives that could potentially run the family business is no guarantee that the transition will go smoothly. 24 Jun
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Do Your Kids Really Want to Take Over the Family Business?

Divergent Estate Plans of Ike & Tina Turner Provide Valuable Insights: The contrasting estate plans of Tina Turner and Ike Turner serve as instructive examples of the importance of effective estate planning. 07 Jun
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Divergent Estate Plans of Ike & Tina Turner Provide Valuable Insights

Probate Nightmares: The Dangers of Properties Taken Out of Trust | Property Pitfalls | Real Estate | Estates Gone Wrong 30 May
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Probate Nightmares: The Dangers of Properties Taken Out of Trust

The potential artificial intelligence has to automate tasks and reduce costs will revolutionize the way we approach estate planning, making it more efficient and accessible. However, you can’t fully trust an AI bot with your estate plan and here’s why. 23 May
  • by Estates Gone Wrong
  • Curated Content, Digital Distress

AI in Estate Planning: What Every Canadian Needs to Know

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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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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