Estate planning to avoid a family feud
The Wealthy Barber's strategy for family heirlooms and personal belongings.
This video is part of a three-part estate planning series to help you plan for the details not commonly addressed among Canadians. The series is produced in collaboration between RBC Wealth Management Royal Trust and David Chilton, author of best-selling personal finance guides The Wealthy Barber and The Wealthy Barber Returns, and former dragon on CBC’s Dragons’ Den. #TrustRoyalTrust
“Some of these heirlooms have significant financial value. But many don’t. However, even those items are often charged with great emotional value.”
Estate planning: It’s all in the details
RBC Royal Trust and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the “Legal” link at the bottom of this page for further information on the entities that are member companies of RBC Wealth Management. The content in this publication is provided for general information only and is not intended to provide any advice or endorse/recommend the content contained in the publication. ®/TM Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2020. All rights reserved.
The Wealthy Barber on how a cottage can complicate estate planningEstate planning
“The last thing you want is for your cottage, a place of great memories, a true family treasure, to end up being a wedge that drives your family apart.”Read more - The Wealthy Barber on how a cottage can complicate estate planning
Why The Wealthy Barber won’t act as executor for even his closest friendsEstate planning
There are two things that I won’t do, even when begged. I won’t help a friend move—too old to say yes to that. And I won’t be a friend’s executor.Read more - Why The Wealthy Barber won’t act as executor for even his closest friends
Have you talked to your family about estate planning?Estate planning
The Wealthy Barber says it’s important to talk to your loved ones about your estate plan and where your important documents can be found.Read more - Have you talked to your family about estate planning?