The Wealthy Barber’s tips for choosing the right executor
“I don’t want to be an executor. Too much work. Too much stress. Too much potential liability.”
This video is part of a three-part myth busting series aimed to dispel common estate planning beliefs many Canadians have. 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
It’s easy picking an executor! Just go with your most trusted family member or friend.
You need to give a lot of thought when choosing your executor. Way more than most people do.
Family dynamics and executor pitfalls: dispelling common estate planning beliefs
Named an executor? The Wealthy Barber thinks it's important to know what you're getting into
“If you’re named executor, please get professionals involved. I don’t mean psychiatrists, though that may be a good move, too.”Watch now - Named an executor? The Wealthy Barber thinks it's important to know what you're getting into
The Wealthy Barber on how a cottage can complicate estate 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.”Watch now - The Wealthy Barber on how a cottage can complicate estate planning
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.
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