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  • Legacy Lexicon
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?

Pablo Picasso, one of the most influential and renowned artists of the 20th century, left a lasting legacy through his groundbreaking artwork. However, the probate process that followed his death in 1973 was anything but straightforward. 11 Apr
  • by Estates Gone Wrong
  • Curated Content, Infamous Feuds

From Canvas to Courtroom: The Legal Battle Over Picasso’s Estate

The Top 10 Estate Battles Of All Time | Curated Content | Celebrity Estates | Inheritance Horror Stories | Estates Gone Wrong 01 Apr
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Probate Disputes: The Top 10 Estate Battles Of All Time

Just because the law allows for a testator to hand-write their own will does not make it a good idea, as a recent court decision shows. Even a harmonious family is likely to end up in court, seeking confirmation that the handwritten document was indeed a valid Holograph Will.  30 Mar
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Handwritten Will Declared Invalid by Ontario Judge

7 Best Estate Planning Books for 2023 | It’s never too early to start planning your estate. You can be prepared with these seven books on estate planning. 22 Mar
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Resources: 7 Best Estate Planning Books for 2023

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Recent:

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

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

Have Canadian boomers saved enough for retirement? It doesn't seem like it... And the numbers suggest this isn’t just a handful of unlucky families. It’s a structural problem with how an entire generation approached retirement.

Why Canadian Kids Are Bailing Out Boomer Parents

A handshake promise to leave the family farm can legally override a written will in New South Wales. The legal mechanism is equitable estoppel, and courts have enforced it in farm succession disputes where the evidence is strong enough.

NSW Inheritance Law: Can a Verbal Promise Override a Will?

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