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  • Legacy Lexicon
It’s important to understand the distinctions between clutter, collecting, and hoarding, especially when caring for someone whose living space is becoming problematic. Educate yourself and prioritize safety... 05 Mar
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Understanding Clutter, Collections, and Hoarding: A Caregiver’s Guide

If you plan to leave a highly valued collection to family members or other heirs, advanced tax planning is strongly recommended. These six steps will help you get started... 19 Feb
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Avoid a Fire Sale: Don’t Let Taxes Catch Your Heirs by Surprise!

The average estate unknowingly donates or discards thousands of dollars in valuable items. Understanding what to look for can mean the difference between a modest estate sale and one that significantly exceeds expectations. 30 Jan
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Hidden Value in Your Estate: Commonly Overlooked Treasures

In this comprehensive guide, you'll learn how to distinguish between wishful thinking and realistic market values, ensuring every item is priced to sell while maximizing returns. 20 Jan
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

How to Value Antiques and Collectibles for Estate Sales

This guide explores the importance of incorporating intellectual property into estate planning, the challenges involved, and actionable steps to handle these rights effectively. 10 Jan
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Guide to Handling Intellectual Property Rights in Your Estate Plan

This guide explores how to manage and distribute valuable collections during estate settlement, including legal considerations, valuation techniques, and strategies for avoiding conflicts. 09 Jan
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Valuable Collections During Estate Settlement: Handle with Care

Unique assets often fall outside the typical scope of financial portfolios or real property, requiring specialized knowledge, valuation, and management. 06 Jan
  • by Estates Gone Wrong
  • Curated Content, Related Resources

High Net Worth Estates: The Challenges of Unique Assets

Whether it’s rare stamps, vintage cars, or limited-edition action figures... when it comes to passing these treasures on to your heirs, collectibles present several unique challenges in estate planning. 23 Sep
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

An Inheritance Lawyer’s Guide to Estate Planning for Collectibles

Mineral rights and royalties represent not just an income stream, but a significant part of your family’s legacy. Proper estate planning ensures that your valuable assets are protected, your beneficiaries are taken care of, and your wealth is preserved for future generations. 11 Sep
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Estate Planning For Mineral Rights & Royalties

02 Sep
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Siblings Battle Over Highly Collectible 1964 Ferrari

This 3-step guide will explain what to do with an inherited coin collection and go over all your best options. 03 May
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Inherited a Coin Collection? Here’s What to Do Next…

Owning and ultimately gifting art and collectibles brings unique challenges to its current owners and potential inheritors. Consulting with estate planning professionals, who specialize in these non-traditional assets, is very important. 19 Apr
  • by Estates Gone Wrong
  • Curated Content, Unique Assets & Interests

Art & Collectibles: Unique Challenges for Owners and Inheritors

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Recent:

A will is intended to provide clear instructions about the distribution of a person’s property after death. But what happens when an important clause is missing? This recent Ontario court case is a useful reminder of the difficulties that can arise...

What Happens When a Will is Missing an Important Clause?

In many cases, an executor’s first instinct is not to call a lawyer. It is to ask Google. The problem? Google can provide thousands of answers, many of which are incomplete, inaccurate, or based on another jurisdiction. Executors need practical guidance tailored to the particular estate they are administering.

Cautionary Guidance for Executors: Google at Your Own Risk!

Many people hear “executor” and think it means reading the will and writing a few checks. In reality, executors can face personal liability. Find out exactly what you're agreeing to, before you agree...

Agreeing To Serve As Executor: Not As Simple As It Sounds

Holograph wills and codicils are often viewed as a simple and inexpensive way to record testamentary wishes. Ironically, the very simplicity that makes holograph codicils attractive can also make them extraordinarily vulnerable...

Ontario Case Study: The Hidden Risks of a DIY Codicil

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