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  • Legacy Lexicon
Estate planning is full of jargon and look-alike terms that can trip people up. A few small words can make a big difference. Here’s a Plain-English Guide to The Most Commonly Confused Estate Planning Terms... And What They Really Mean! 17 Sep
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Commonly Confused Estate Planning Terms: Florida Law

The decision of how to divide inherited property between siblings can be a complex one. In this article, Keystone explores how to divide inherited property between siblings fairly, and common disputes and solutions when inheriting a house with siblings. 12 Sep
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Inheriting a House with Siblings: Not as Straightforward as it Seems

Not all couples want to be married, but there are some legal benefits that come with a government-recognized union. Unmarried couples should consider the following 9 Estate Planning tips... 11 Jul
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Estate Planning Tips for Unmarried Couples: United States

This case is a testament to how even well-intentioned actions, when shrouded in ambiguity, can ignite protracted legal battles, leaving emotional scars and financial burdens on grieving families. 06 Jun
  • by Estates Gone Wrong
  • Curated Content, Family Disputes

A Family Divided: Vancouver Condo at Centre of Estate Dispute

Can You Avoid Impending Capital Gain on Your Family Cottage? 05 Jun
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Can You Avoid Impending Capital Gain on Your Family Cottage?

In estate planning, the "right of survivorship" refers to a legal principle that, in joint ownership arrangements, the surviving owner(s) automatically inherit the deceased owner's share of the property or asset without it going through the probate process. This is a key feature of joint tenancy, which allows for a smoother and faster transfer of ownership upon death.  27 May
  • by Estates Gone Wrong
  • Generated Content, Legacy Lexicon

Definitions: Understanding the “Right of Survivorship”

Frequently Asked Questions: What is "Right of Survivorship"? 22 May
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Frequently Asked Questions: What is “Right of Survivorship”?

The Pitfalls of Joint Ownership: Know the Risks 22 May
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

The Pitfalls of Joint Ownership: Know the Risks

Passing down real estate to loved ones gets more complex when the property lies across international borders. Unlike domestic transfers, international real estate transfers involve navigating different legal systems, tax obligations, and reporting requirements. Luckily, there are legal structures and tax strategies that can minimize the complications and ensure that your property passes smoothly to your heirs. 02 May
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

How to Pass Down Real Estate Across Borders Without Tax Nightmares

There can be sentimental reasons to keep inherited real estate, but —unless you plan to use the property personally— you should ask yourself: would you buy that real estate with an equivalent amount of cash? 17 Mar
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Inheriting Real Estate: Ask Yourself “Would You Buy it?”

Holding Assets & Accounts Jointly with Your Kids: Know the Risks 24 Feb
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Holding Assets & Accounts Jointly with Your Kids: Know the Risks

Michigan has its own unique set of rules when it comes to estate planning, and knowing these can help you safeguard your family’s future. 19 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Easy Estate Planning Tips for Michigan Residents

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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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