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  • Estates Gone Wrong
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  • Legacy Lexicon
Estate taxes in Canada can be confusing, but understanding the key rules can save your family money. By understanding these essentials, you can take action now to ensure your family keeps more of what you’ve built. 11 Apr
  • by Estates Gone Wrong
  • Curated Content, Tax-Smart Strategies

Complete Guide to Estate Taxes in Canada

Navigating the Evolving Landscape: Val Kilmer’s Digital Legacy 10 Apr
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

Navigating the Evolving Landscape: Val Kilmer’s Digital Legacy

When we think of Family Business Succession, we tend to picture a smooth handoff. Yet, the reality is usually fraught with disagreements, financial strain, and even emotional burnout. It takes careful planning, open dialogue, and a willingness to adapt to keep a company running across decades. 05 Apr
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

The Truth About Family Business Succession: Why Many Fail

Real-life family drama surrounding media mogul Rupert Murdoch offers valuable succession lessons for business owners... 03 Apr
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Murdoch Family Drama Offers Valuable Succession Lessons

It is best to customize a will or trust to your specific situation. Sometimes you want more say in how or when your beneficiaries will acquire and use your assets. For this reason, several clauses are commonly included in wills or trusts... 02 Apr
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Types of Clauses Commonly Included in Wills or Trusts

Early inheritance is an increasingly popular route towards homeownership: a way for Canadian families to support younger generations... 27 Mar
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Early Inheritance is Trending: Canada’s ‘Living Legacy’ Movement

The infamous “shirtsleeves curse” is one that has occupied the mind of many a wealthy patriarch on a sleepless night. Affecting 90% of the wealthy, even America’s richest family couldn’t escape its clutches. 25 Mar
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

The Infamous “Shirtsleeves Curse”: a Case Study

Sudden wealth is often seen as a dream come true. But the reality is far more complex— What losing $14 Million taught estate planning attorney, Paul Deloughery, about sudden wealth and inheritance... 14 Mar
  • by Estates Gone Wrong
  • Curated Content, Squandered Fortunes

$14 Million Lesson: The Hidden Dangers of Sudden Wealth

As individuals approach the end of life, families often find themselves at the heart of crucial care decisions. It is essential for families to communicate openly, ensuring that all members feel supported and included in the decision-making process. 26 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Understanding The Role of Family in End-Of-Life Care Decisions

Inheriting a Registered Pension Plan can offer significant financial support, but it also comes with complexities and potential tax challenges. This post explores how RPPs are handled after death and provides strategies for navigating the process. 24 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Inheriting a Registered Pension Plan: What You Need to Know

Even the most well-meaning executors may encounter unforeseen difficulties during the estate administration process. Errors in estate administration can make an otherwise simple procedure more difficult. Learn more about these common mistakes and how to avoid them... 24 Feb
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Estate Administration in Ontario: Avoiding Common Mistakes

Whether you are a nursing home resident, a family member, or a supportive friend, this guide gives you the tools you need to identify and then resolve the problems that residents most frequently face. 24 Feb
  • by Estates Gone Wrong
  • Curated Content, Long-Term Care Crisis

25 Common Nursing Home Problems and How to Resolve Them

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Topics:

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  • Communication Breakdowns (42)
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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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