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  • Legacy Lexicon
There are significant risks to consider when transferring a business to the next generation. Here is some advice to drastically improve your chances of succession success... 06 Dec
  • by Estates Gone Wrong
  • Curated Content, Succession Lessons

Family Business: Setting The Next Generation Up To Succeed

TV Chef Blew £2.8million Inheritance: Leaves Only £33k to Family 24 Aug
  • by Estates Gone Wrong
  • Celebrity Estates, Curated Content

TV Chef Blew £2.8million Inheritance: Leaves Only £33k to Family

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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

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?

Washington Post analysis finds that the "great wealth transfer" narrative is largely a story about the very top of the income distribution. For many in the middle, retirement savings are being consumed by care costs, not passed on.

Cost of Eldercare Obliterating Expected Inheritance

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