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  • Legacy Lexicon
Conditional bequests are provisions in a will that make an inheritance contingent on a beneficiary fulfilling specific requirements. These conditions must be clear, possible, and not violate public policy or the law to be valid.  08 Sep
  • by Estates Gone Wrong
  • Generated Content, Legacy Lexicon

Conditional Bequests: Criteria for Legal Validity

Following the death of Ozzy Osbourne, headlines turned to an alleged change to his will, in which Ozzy stipulated that his widow, Sharon, is to receive a dozen black roses a week for the rest of her life... 14 Aug
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Ozzy Osbourne’s “Black Roses” Request

Spendthrift trusts help ensure that beneficiaries can’t squander their inheritance. They can also serve to protect assets from creditors. Rather than allowing the beneficiary to receive a lump sum, the trustee releases the money incrementally. 07 Aug
  • by Estates Gone Wrong
  • Curated Content, Legacy Lexicon

Spendthrift Trusts: What Are They and How Do They Work?

Truly Wild Inheritance Stories: From Entire Towns to Century-Old Denim 12 Apr
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Truly Wild Inheritance Stories: From Entire Towns to Century-Old Denim

If you wish to restrict the flow of inherited money to your child, you can do so through your will or trust. While there are legal limits on conditional gifting, you are generally free to structure an inheritance the way you would like. 07 Feb
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Bequests with Strings Attached: Are Conditional Gifts a Good Idea?

The history of estate planning includes some remarkably strange and fascinating bequests that challenge our understanding of inheritance law and human nature. 08 Jan
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Unusual Bequests Continue to Evolve, Fascinate, and Challenge

Estate planning for an irresponsible child is a lot of work. Fortunately, estate planners may exert influence over how heirs spend their inheritances. Keep reading to find out the best ways to protect an irresponsible child’s financial future... 19 Nov
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

Strategies: Estate Planning for Irresponsible Children

A will can be used to provide certain types of conditional gifts in Massachusetts. With that being said, it is generally not the best option for doing so. Trusts are generally far better Estate Planning tools for this purpose... 08 Nov
  • by Estates Gone Wrong
  • Curated Content, Frequently Asked Questions

Massachusetts: Can You Leave Conditional Gifts in Your Will?

From the quirky to the downright bizarre, let's dive into the top 10 strangest inheritance stipulations ever imposed. 22 Oct
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Strangest Inheritance Stipulations: Oddball Wills & Eccentric Bequests

Some of The Most Bizarre Inheritance Stories | Curated Content | Strange Bequests | Weird Things People Left in Wills | Estates Gone Wrong 10 Jun
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Some of The Most Bizarre Inheritance Stories

Putting conditions on bequests to heirs can ensure your beneficiaries act in accordance with your wishes. It could also spark litigation and harm family relationships. 04 Mar
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Conditional Bequests: Proceed with Caution

Dying Saskatchewan Farmer’s Will Goes Down in History | Curated Content | Strange Bequests | Estates Gone Wrong 09 Jan
  • by Estates Gone Wrong
  • Bizarre Bequests, Curated Content

Strangest Wills Ever: Daily Roses, Millionaire Pets, and More

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Recent:

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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