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  • Legacy Lexicon
Understanding Probate in Canada: Everything You Need to Know | Probate is a crucial process in the Canadian legal system that ensures the deceased person’s estate is distributed according to their wishes. 21 Jan
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Understanding Probate in Canada: Everything You Need to Know

In the complex world of Tax, Wealth and Estate Planning, navigating the myriad of options and making informed decisions is crucial. This is where professionals with specialized designations provide expertise and guidance. 02 Jan
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Professional Designations in Financial Services: Roles & Definitions

In light of UK broadcaster Esther Rantzen’s revelation that she has considered assisted dying, we look at the policies of other countries 20 Dec
  • by Estates Gone Wrong
  • Curated Content, Law Reform

Assisted Dying Around the World: Where and When it is Allowed

Your spouse has been diagnosed with a distressing illness that may be terminal. What can you do to help your children cope as well as possible, so you all move on as healthy, strong, and resilient as possible? 14 Dec
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Critical Diagnosis in The Family: Helping Children Cope

Comprehensive estate planning requires careful thought and conversation with your spouse or life partner. Before meeting with an estate planning attorney, it is best to discuss your ideas to present a united goal.  28 Nov
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Talking to Your Spouse or Partner About Estate Planning

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

Do you own a valuable piece of art, an antique car or rare Pokémon card? Here are some expert insights, from RBC Wealth Management, on how to work antiques and other valuable collectibles into your estate plan... 01 Nov
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

How to Work Antiques & Collectibles into Your Estate Plan

When you or a loved one is diagnosed with a terminal illness, a flood of emotions will arise, including denial, helplessness, frustration, and fear. Here are 17 tips for how to cope with a terminal illness... 19 Oct
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Understanding Anticipatory Grief: You Are Not Alone!

It is not always clear whether an aging parent or relative needs help. Familiarize yourself with the warning signs. If you become aware that a loved one needs help, you will be better prepared to provide support for their safety and well-being. 12 Oct
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

How Will I Know When My Aging Parents Need Help?

Watching your elderly parent(s) struggle with dwindling financial resources can be a distressing and overwhelming experience. However, there are steps you can take to address this situation effectively and ensure your parent receives the care and support they need. 25 Sep
  • by Estates Gone Wrong
  • Curated Content, Long-Term Care Crisis

What to Do When Your Elderly Parent is Running Out of Money

18 Sep
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Estate Planning Strategies: 7 Common Uses for Trusts

Demystifying Estate Planning: Key Definitions You Need to Know | It’s easy to feel overwhelmed by legal jargon and complex terminology. Understanding these essential terms can transform the way you approach your legacy and financial future. 05 Sep
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Demystifying Estate Planning: Key Definitions You Need to Know

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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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