{"id":2951,"date":"2020-04-10T19:00:00","date_gmt":"2020-04-11T00:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/named-an-executor-the-wealthy-barber-says-renounce\/"},"modified":"2024-07-31T10:17:05","modified_gmt":"2024-07-31T14:17:05","slug":"named-an-executor-the-wealthy-barber-says-renounce","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/named-an-executor-the-wealthy-barber-says-renounce","title":{"rendered":"Named an executor? The Wealthy Barber thinks it&#8217;s important to know what you&#8217;re getting into"},"content":{"rendered":"\t\t<!-- Start of Brightcove Player -->\n\t\t\t\t\t\t<div style=\"display: block; position: relative; min-width: 0px; max-width: 640px;\">\n\t\t\t\t\t<div style=\"padding-top: 56%; \">\n\t\t\t\t\t\t<video-js\n\t\t\t\t\t\t\t\tid=\"6174351713001\"\n\t\t\t\t\t\t\t\tdata-video-id=\"6174351713001\" data-account=\"3187797751001\"\n\t\t\t\t\t\t\t\tdata-player=\"VBE5DE1mC\"\n\t\t\t\t\t\t\t\tdata-usage=\"cms:WordPress:6.9.4:2.8.8:javascript\"\n\t\t\t\t\t\t\t\tdata-embed=\"default\" class=\"video-js\"\n\t\t\t\t\t\t\t\tdata-application-id=\"\"\n\t\t\t\t\t\t\t\tcontrols   \t\t\t\t\t\t\t\tstyle=\"width: 100%; height: 100%; position: absolute; top: 0; bottom: 0; right: 0; left: 0;\">\n\t\t\t\t\t\t<\/video-js>\n\n\t\t\t\t\t\t<script src=\"https:\/\/players.brightcove.net\/3187797751001\/VBE5DE1mC_default\/index.min.js\"><\/script> \t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<!-- End of Brightcove Player -->\n\t\t\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"is-style-disclaimer\">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&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/royal-trust\/\">RBC Wealth Management Royal Trust<\/a><span>&nbsp;and David Chilton, author of best-selling personal finance guides&nbsp;<\/span><em>The Wealthy Barber<\/em><span>&nbsp;and&nbsp;<\/span><em>The Wealthy Barber Returns<\/em><span>, and former dragon on CBC\u2019s&nbsp;<\/span><em>Dragons\u2019 Den<\/em><span>. #TrustRoyalTrust<\/span><\/p>\n\n\n\n<p><strong><span class=\"meta-bold\">Myth:<\/span><\/strong><span>&nbsp;<\/span>Being named an executor is an honour but also a minor inconvenience.<\/p>\n\n\n\n<p><strong><span class=\"meta-bold\">Fact:<\/span><\/strong><span>&nbsp;<\/span>Being named an executor<span>&nbsp;<\/span><strong>is<\/strong><span>&nbsp;<\/span>an honour but also a major, hard-to-believe-how-stressful, incredibly-time-consuming inconvenience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;If you&#8217;re named executor, please get professionals involved. I don&#8217;t mean psychiatrists, though that may be a good move, too.&#8221;<\/p>\n","protected":false},"author":54,"featured_media":0,"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":[253,106],"rbcwm_content_owner":[],"rbcwm_need":[84],"rbcwm_segment":[],"rbcwm_solution":[99],"rbcwm_topic":[94],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-2951","post","type-post","status-publish","format-standard","hentry","category-estate-planning","tag-david-chilton","tag-the-wealthy-barber","rbcwm_need-protect","rbcwm_solution-trusts","rbcwm_topic-your-wealth"],"acf":{"rbcwm_subtitle":"If you're named executor, please get professionals involved. I don't mean psychiatrists, though that may be a good move, too.","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":["Yes"],"omit_from_pages":[],"disclaimer_footnote":"RBC Royal Trust and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the \u201cLegal\u201d 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. \u00ae\/\u2122 Trademark(s) of Royal Bank of Canada. Used under licence. \u00a9 Royal Bank of Canada 2024. All rights reserved."},"rbcwm_insight_cta_id":[11902],"rbcwm_pagination":{"next_link":"","next_link_text":"","previous_link":"","previous_link_text":""},"rbcwm_video_duration":3,"article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Named an executor? The Wealthy Barber thinks it&#039;s important to know what you&#039;re getting into<\/title>\n<meta name=\"description\" content=\"&quot;If you&#039;re named executor, please get professionals involved. 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