Choosing an executor or acting as one? We can guide you through the process and help ease the burden of estate settlement.
Carrying out the final wishes someone has expressed in their Will can be complex. If you’re considering naming someone as your executor1 or if you’ve been named as one, we can help make the process easier for you.
Partnering with an experienced professional to manage your estate can help provide peace of mind about how your final wishes will be carried out. At RBC Royal Trust, we work with you to assess and guide you through the tasks and responsibilities your executor will face.
You can rely on our experience in handling sensitive family issues with compassion and objectivity. We can also tap into the extensive resources of RBC to ensure your estate is settled with maximum benefit to your beneficiaries.
You can appoint us in your Will to act independently to carry out your wishes. This is ideal for individuals who:
You can appoint us in your Will to act alongside another person to carry out your wishes. This is ideal for individuals who:
When planning your estate and creating your Will, choosing an executor is an important decision. You can name anyone, such as a family member or friend, a trust company, lawyer or accountant. However, choosing the wrong person could prove costly to your estate and cause—or intensify—family conflicts.
Your executor may be responsible for more than 70 individual tasks, so choose someone who is:
While it’s an honour to be an executor, many people find the duties demanding—particularly while they grieve the loss of a loved one. Many also lack the time or ability to take on the tasks, especially if they live in another city, province or country.
We can also act as an alternate executor if your initial executor is unwilling or unable to fulfill their responsibilities.
As an executor, your role is essential to the estate settlement process. Your responsibility is to ensure your loved one’s final wishes are fulfilled as stated in their Will.
While it’s an honour, at times your duties may seem endless and complex—including making final arrangements, probating the Will2, managing investments, selling real estate, paying off debts and dealing with beneficiaries.
Our free tools can help you understand the estate you’re settling and guide you through the various tasks involved.
If you’re feeling overwhelmed, don’t have the time or are unsure how to proceed, we can offer you knowledgeable support through our agent for executor services.
We handle some or all of your executor duties, while you retain the final decision-making authority. These duties may include:
1 In Quebec, “liquidator”, in Ontario, “estate trustee with a Will.”2 Probate is not required for notarial Wills in Quebec, and may not be required in other jurisdictions in limited circumstances.
Contact one of our skilled RBC Royal Trust professionals to find out more about the right executor services for you.
Protect and provide for your loved ones now and into the future in a tax-efficient manner while providing guidance over how the trust assets are used.
Be prepared. Appoint someone as your attorney for property to take care of your financial assets and affairs should you become unable to do so, or get help if you’ve been appointed.
Have the help and guidance you need when acting as an executor for a loved one’s estate or choosing one for your own estate.