{"id":25769,"date":"2024-10-23T09:31:49","date_gmt":"2024-10-23T13:31:49","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?p=25769"},"modified":"2024-10-23T09:31:50","modified_gmt":"2024-10-23T13:31:50","slug":"why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning","title":{"rendered":"Why wealthy Canadians are turning to private banking for estate planning"},"content":{"rendered":"\n

Nobody wants to think about their eventual passing. That\u2019s why many of us put off end-of-life plans for our financial affairs. When it comes to our finances, however, advanced planning is the best way to ensure our final wishes are fulfilled.<\/p>\n\n\n\n

High-net-worth Canadians typically have more complex financial pictures and they can benefit from private banking services, including estate planning<\/a>. \u201cOften times, a private banker is the catalyst for those conversations,\u201d says Kim Mason<\/a>, executive vice president and head at RBC Private Banking<\/a>.<\/p>\n\n\n\n

High-net-worth individuals may have built substantial and diverse assets over decades. They may own large non-registered investment accounts, multiple properties across different jurisdictions and businesses. For some, family dynamics or having a blended family may also add complexities to their financial decisions.<\/p>\n\n\n\n

A will<\/a>, on its own, may not fully address all these intricacies or ensure that allocations of assets truly reflect any intentions to treat all beneficiaries fairly after someone passes. That\u2019s why more comprehensive planning is essential.<\/p>\n\n\n\n

Ms. Mason notes that private bankers work hard to understand each client, their families and their goals, all to create strategies that are customized to their financial situations. Estate planning is an important piece of this puzzle, she says.<\/p>\n\n\n\n

\u201cAn estate plan is really the overarching plan that the will sits within,\u201d Ms. Mason explains. \u201cIt includes how you\u2019d like the will to be executed and how you\u2019d like family members to be engaged, and it typically includes a list of qualified professionals\u2014like the accountant and lawyer\u2014to be called upon to support the family.\u201d<\/p>\n\n\n\n

Many plans can fall short or lack personalization, says Tony Maiorino<\/a>, vice president and head of Family Office Services at RBC, which partners with RBC Private Banking to support many high-net-worth Canadian families. \u201cYou\u2019d be surprised how many high-net-worth individuals don\u2019t have a fully thought-out estate plan or one that doesn\u2019t address the many unique aspects of their wealth and family circumstances.\u201d<\/p>\n\n\n\n

Even if they do have a solid plan, another risk is it may be outdated, he adds. That can be problematic, so it\u2019s generally recommended that estate plans be reviewed and updated, if necessary, every three-to-five years. While individuals might recognize the need, the task seems daunting.<\/p>\n\n\n\n

\u201cWe often encourage clients that the planning process is about being in control of the pen that writes your final chapter, versus letting someone else do it for you,\u201d Mr. Maiorino says.<\/p>\n\n\n\n

He suggests it might start with a simple question: what do you want to happen when you\u2019re not here? From there, private banking and integrated planning help to ensure assets are aligned with a will\u2019s intentions.<\/p>\n\n\n\n

\u201cIf the plan and the will are designed in isolation, you risk the will stating one thing while the structure of assets leads to another,\u201d Mr. Maiorino says.<\/p>\n\n\n\n

A family cottage<\/a> is a good example, he explains, of how estate planning can ensure the will\u2019s intent is carried out as planned. \u201cWe might recommend a life insurance strategy to help offset the taxes that would need to be paid, so the cottage ends up being transferred to the children versus having to be sold.\u201d<\/p>\n\n\n\n

Private banking excels in this respect, helping clients access experts who can tailor solutions that could include whole-life insurance, with the right planning advice and tax strategies to match. Clients can also benefit from concierge-like services, including appointing professionals to serve in the roles of executor and power of attorney.<\/p>\n\n\n\n

\u201cOften, individuals name family members or trusted friends, but these roles involve more work than people appreciate,\u201d says Leanne Kaufman<\/a>, president and CEO of RBC Royal Trust.<\/p>\n\n\n\n

The more wealth a client has, and the more complex their family structure, the greater challenges an executor can face. Through private banking, individuals can connect with experienced professionals who can help to navigate these challenges and make sure estate plans are executed precisely.<\/p>\n\n\n\n

\u201cThis is what we do every day,\u201d Ms. Kaufman says. \u201cEspecially with large estates and complex families, hiring an independent, neutral third-party like us helps keep the waters calm.\u201d<\/p>\n\n\n\n

While the size of their estates may be significant, the goal for estate planning is the same as for anyone else: to ensure their wishes are carried out and that their loved ones are taken care of after they\u2019re gone.<\/p>\n\n\n\n

With the help of private banking, solid estate planning leaves no stone unturned. \u201cWhat most people want after they pass is to be remembered fondly, while maintaining harmony across their family<\/a>,\u201d Ms. Kaufman says.<\/p>\n\n\n\n

\u201cA comprehensive estate plan helps make sure those final wishes indeed come true.\u201d<\/p>\n\n\n\n

\n

Let’s plan for your success<\/strong><\/h4>\n\n\n\n

Discover how RBC Private Banking can help you to develop an estate plan that meets your individual and family goals.<\/p>\n\n\n\n

\nLEARN MORE<\/a>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n

This article was originally published in <\/em>The Globe and Mail <\/a>.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Early and thorough planning will help ensure our end-of-life instructions are carried out. <\/p>\n","protected":false},"author":22,"featured_media":25793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[100,138],"rbcwm_content_owner":[],"rbcwm_need":[68],"rbcwm_segment":[66],"rbcwm_solution":[82],"rbcwm_topic":[94],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-25769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","tag-estate-planning","tag-wealth-planning","rbcwm_need-grow","rbcwm_segment-individuals-and-families","rbcwm_solution-wealth-planning","rbcwm_topic-your-wealth"],"acf":{"rbcwm_subtitle":"Early and thorough planning will help ensure our end-of-life instructions are carried out. ","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":[],"disclaimer_footnote":"This document has been prepared for use by the RBC Wealth Management member companies, RBC Dominion Securities Inc., RBC Phillips, Hager & North Investment Counsel Inc., RBC Global Asset Management Inc. Royal Trust Corporation of Canada and The Royal Trust Company (collectively, the \u201cCompanies\u201d) and their affiliate, Royal Mutual Funds Inc. (RMFI). Member \u2013 Canada Investor Protection Fund. Each of the Companies, RMFI and Royal Bank of Canada are separate corporate entities which are affiliated. \u201cRBC advisor\u201d refers to Private Bankers who are employees of Royal Bank of Canada and licensed representatives of RMFI, Investment Counsellors who are employees of RBC Phillips, Hager & North Investment Counsel Inc., Portfolio Managers who are employees of RBC Global Asset Management Inc., Senior Trust Advisors and Trust Officers who are employees of The Royal Trust Company or Royal Trust Corporation of Canada, or Investment Advisors who are employees of RBC Dominion Securities Inc. In Quebec, financial planning services are provided by RMFI which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RMFI, Royal Trust Corporation of Canada, The Royal Trust Company, or RBC Dominion Securities Inc. Estate and trust services are provided by Royal Trust Corporation of Canada and The Royal Trust Company. If specific products or services are not offered by one of the Companies, clients may request a referral to another RBC partner. The strategies, advice and technical content in this publication are provided for the general guidance and benefit of our clients, based on information believed to be accurate and complete, but neither the Companies, RMFI, nor Royal Bank of Canada, nor any of its affiliates nor any other person can guarantee accuracy or completeness. This publication is not intended as nor does it constitute tax or legal advice. Readers should consult a qualified legal, tax or other professional advisor when planning to implement a strategy. This will ensure that their individual circumstances have been considered properly and that action is taken on the latest available information. Interest rates, market conditions, tax rules, and other investment factors are subject to change. This information is not investment advice and should only be used in conjunction with a discussion with your RBC advisor. None of the Companies, RMFI, Royal Bank of Canada nor any of its affiliates nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. In certain branch locations, one or more of the Companies may carry on business from premises shared with other Royal Bank of Canada affiliates. Notwithstanding this fact, each of the Companies is a separate business and personal information and confidential information relating to client accounts can only be disclosed to other RBC affiliates if required to service your needs, by law or with your consent. Under the RBC Code of Conduct, RBC Privacy Principles and RBC Conflict of Interest Policy confidential information may not be shared between RBC affiliates without a valid reason. \" \u00ae \/ \u2122 Trademark(s) of Royal Bank of Canada. Used under licence. \u00a9 Royal Bank of Canada. (insert applicable year). All rights reserved."},"rbcwm_insight_cta_id":[11937],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"\nWhy wealthy Canadians are turning to private banking for estate planning<\/title>\n<meta name=\"description\" content=\"Early and thorough planning will help ensure our end-of-life instructions are carried out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why wealthy Canadians are turning to private banking for estate planning\" \/>\n<meta property=\"og:description\" content=\"Early and thorough planning will help ensure our end-of-life instructions are carried out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-23T13:31:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-23T13:31:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/scl-multi-gen-family-dining-outdoors-Why-wealthy-Canadians-CA-hor-E.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"chloetejada\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning\"},\"author\":{\"name\":\"chloetejada\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c\"},\"headline\":\"Why wealthy Canadians are turning to private banking for estate planning\",\"datePublished\":\"2024-10-23T13:31:49+00:00\",\"dateModified\":\"2024-10-23T13:31:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning\"},\"wordCount\":817,\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg\",\"keywords\":[\"estate planning\",\"wealth planning\"],\"articleSection\":[\"Estate planning\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning\",\"url\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/\",\"name\":\"Why wealthy Canadians are turning to private banking for estate planning\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg\",\"datePublished\":\"2024-10-23T13:31:49+00:00\",\"dateModified\":\"2024-10-23T13:31:50+00:00\",\"description\":\"Early and thorough planning will help ensure our end-of-life instructions are carried out.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg\",\"width\":3210,\"height\":2140,\"caption\":\"A family is sitting outside around a table sharing a meal together. On the left is a white male, with a brown beard, wearing a light brown hat and a white shirt. He is cutting food with a knife. To his left is a young boy, with short blond hair, and wearing a yellow shirt; he is looking at the food at the table. The boy is sitting on his grandfather's lap. The grandfather is wearing black glasses and has a white beard. He is wearing a blue-and-red striped shirt. Also sitting on the grandfather is a young girl. She is white and has long brown hair. She is smiling. She is wearing a blue t-shirt and jean overalls. To her left is a middle aged white woman. She has shoulder-length brown hair and is wearing glasses and a flower-print blouse. There is a house and a few trees behind them. It's a beautiful, sunny day.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why wealthy Canadians are turning to private banking for estate planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\",\"name\":\"RBC Wealth Management\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization\",\"name\":\"RBC Wealth Management\",\"alternateName\":\"RBC Wealth Management\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c\",\"name\":\"chloetejada\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g\",\"caption\":\"chloetejada\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why wealthy Canadians are turning to private banking for estate planning","description":"Early and thorough planning will help ensure our end-of-life instructions are carried out.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate","og_locale":"en_US","og_type":"article","og_title":"Why wealthy Canadians are turning to private banking for estate planning","og_description":"Early and thorough planning will help ensure our end-of-life instructions are carried out.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning","og_site_name":"RBC Wealth Management","article_published_time":"2024-10-23T13:31:49+00:00","article_modified_time":"2024-10-23T13:31:50+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/scl-multi-gen-family-dining-outdoors-Why-wealthy-Canadians-CA-hor-E.jpg","type":"image\/jpeg"}],"author":"chloetejada","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning"},"author":{"name":"chloetejada","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c"},"headline":"Why wealthy Canadians are turning to private banking for estate planning","datePublished":"2024-10-23T13:31:49+00:00","dateModified":"2024-10-23T13:31:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning"},"wordCount":817,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization"},"image":{"@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg","keywords":["estate planning","wealth planning"],"articleSection":["Estate planning"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/why-wealthy-canadians-are-turning-to-private-banking-for-estate-planning","url":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/","name":"Why wealthy Canadians are turning to private banking for estate planning","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage"},"image":{"@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg","datePublished":"2024-10-23T13:31:49+00:00","dateModified":"2024-10-23T13:31:50+00:00","description":"Early and thorough planning will help ensure our end-of-life instructions are carried out.","breadcrumb":{"@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg","width":3210,"height":2140,"caption":"A family is sitting outside around a table sharing a meal together. On the left is a white male, with a brown beard, wearing a light brown hat and a white shirt. He is cutting food with a knife. To his left is a young boy, with short blond hair, and wearing a yellow shirt; he is looking at the food at the table. The boy is sitting on his grandfather's lap. The grandfather is wearing black glasses and has a white beard. He is wearing a blue-and-red striped shirt. Also sitting on the grandfather is a young girl. She is white and has long brown hair. She is smiling. She is wearing a blue t-shirt and jean overalls. To her left is a middle aged white woman. She has shoulder-length brown hair and is wearing glasses and a flower-print blouse. There is a house and a few trees behind them. It's a beautiful, sunny day."},{"@type":"BreadcrumbList","@id":"https:\/\/www.theglobeandmail.com\/investing\/adv\/article-why-wealthy-canadians-are-turning-to-private-banking-for-estate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/"},{"@type":"ListItem","position":2,"name":"Why wealthy Canadians are turning to private banking for estate planning"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/","name":"RBC Wealth Management","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#organization","name":"RBC Wealth Management","alternateName":"RBC Wealth Management","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2023\/02\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/c2bb0a72d12219d75bf7f724d256ed9c","name":"chloetejada","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0b3dde7a1d86146de8471500a717b01fe28aa3a67f2ccf8021ba2d1a62ea01df?s=96&d=mm&r=g","caption":"chloetejada"}}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-content\/uploads\/sites\/5\/2024\/10\/multi-gen-family-dining-outdoors-3210x2140-1.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-05-05 20:47:41","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-ca","push-errors":false,"last_revision_date":"2024-10-16 11:23:03","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/25769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/comments?post=25769"}],"version-history":[{"count":8,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/25769\/revisions"}],"predecessor-version":[{"id":25813,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/posts\/25769\/revisions\/25813"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_cta\/11937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/media\/25793"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/media?parent=25769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/categories?post=25769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/tags?post=25769"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_content_owner?post=25769"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_need?post=25769"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_segment?post=25769"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_solution?post=25769"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_topic?post=25769"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_channel?post=25769"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/wp-json\/wp\/v2\/rbcwm_format?post=25769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}