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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: It’s easy picking an executor! Just go with your most trusted family member or friend.

Fact: You need to give a lot of thought when choosing your executor. Way more than most people do.


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. ®/™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2022. All rights reserved.

In Quebec, financial planning services are provided by RBC Wealth Management Financial Services Inc. which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RBC Dominion Securities Inc.


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

“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.”

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