Named an executor? The Wealthy Barber thinks it’s important to know what you’re getting into

Estate planning
Insights

If you're named executor, please get professionals involved. I don't mean psychiatrists, though that may be a good move, too.

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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

Myth: Being named an executor is an honour but also a minor inconvenience.

Fact: Being named an executor is an honour but also a major, hard-to-believe-how-stressful, incredibly-time-consuming inconvenience.


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Contact one of our skilled RBC Royal Trust professionals to find out more about the right services for you.

Family dynamics and executor pitfalls: dispelling common estate planning beliefs

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.”

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.”

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