{"id":29519,"date":"2025-08-18T13:23:21","date_gmt":"2025-08-18T17:23:21","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/?p=29519"},"modified":"2025-08-18T13:23:22","modified_gmt":"2025-08-18T17:23:22","slug":"video-who-is-the-executor-of-your-estate","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/video-who-is-the-executor-of-your-estate","title":{"rendered":"Video: Who is the executor of your estate?"},"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: 360px; \">\n\t\t\t\t\t\t<video-js\n\t\t\t\t\t\t\t\tid=\"6376803567112\"\n\t\t\t\t\t\t\t\tdata-video-id=\"6376803567112\" 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: 360px; 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:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"is-style-footnote\">This video is part of <strong>The Wealthy Barber\u2019s estate planning essentials <\/strong>video series created in collaboration between&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/royal-trust\" target=\"_blank\" rel=\"noreferrer noopener\">RBC Wealth Management Royal Trust<\/a>&nbsp;and David Chilton. Chilton is the author of bestselling personal finance guides <em>The Wealthy Barber<\/em> and <em>The Wealthy Barber Returns<\/em>, and a former dragon on CBC\u2019s <em>Dragons\u2019 Den. <\/em>Leave a legacy, not a burden\u2122.<\/p>\n\n\n\n<p>An executor has a lot of obligations, which can be a challenge to undertake while grieving, on top of their own busy life. As David Chilton, the Wealthy Barber, explains, \u201cBeing an executor is a huge responsibility. It&#8217;s a burden and, bluntly, one I feel is often unfair to put on the shoulders of busy individuals.\u201d<\/p>\n\n\n\n<div class=\"wp-block-rbcwm-well well is-style-b-blue-tint-4\">\n<p>Watch the video to learn about David\u2019s three reasons he\u2019s hired a corporate executor for his estate.<\/p>\n<\/div>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block rbc-block-flush-top rbc-block-small rbc-block-flush has-block-grey-background-color has-background\"><div class=\"\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"row justify-content-between blockId-7f7d1fbe-4936-4e1e-a359-2fd5140d1f7b\">\n<div class=\"wp-block-rbcwm-column col-lg-12 has-white-background-color has-background\"><div class=\"wrap\">\n<div class=\"wp-block-rbcwm-expandable-block rbc-expandable\">\n<div id=\"b7cf9608\" class=\"wp-block-rbcwm-expandable-block-title rbc-expandable-trigger rbc-expandable-arrow-wrap\"><button aria-expanded=\"false\" aria-controls=\"b7cf9608-content\" data-target=\"b7cf9608-content\" data-duration=\"400\" class=\"rbc-expandable-trigger-button\">\n<h3 class=\"wp-block-heading h4\" id=\"h-\"><\/h3>\n<span class=\"rbc-display body-size c-secondary mt-quarter\" data-open-text=\"View transcript\" data-close-text=\"Hide transcript\">View transcript<\/span><div class=\"rbc-icon rbc-expandable-arrow rbc-expandable-arrow-right\"><i class=\"rbc-icon-img fal fa-angle-down\"><\/i><\/div><\/button><\/div>\n\n\n\n<div id=\"b7cf9608-content\" aria-labelledby=\"b7cf9608\" class=\"wp-block-rbcwm-expandable-block-content rbc-expandable-content rbc-expandable-content-inner-style content-b7cf9608-4b38-44c2-8289-2e16bf86c515\"><div class=\"rbc-expandable-content-body\">\n<p><strong>David Chilton:<\/strong><br><br>Creating these estate-planning videos over the last few years has been a lot of fun. Well, for me, not necessarily for the viewers. So many of you shared personal stories, often deeply personal stories with me about estate-planning challenges your family has run into. Frankly, many have been quite sad. But they&#8217;ve also contained valuable lessons\u2014lessons we can all learn from. The big take away is that a good percentage of the most troubling issues could have been easily avoided.<\/p>\n\n\n\n<p>In one of my earlier videos, I talked about the big reason in my mind for using a corporate executor. That is, having a trust company act as your executor, instead of a close friend or family member. I felt, and still feel, that&#8217;s a lot to ask of an individual. Especially one dealing with grief. Being an executor is a huge responsibility. With larger estates, huge squared. It&#8217;s a burden and, bluntly, one I feel is often unfair to put on the shoulders of busy individuals.<\/p>\n\n\n\n<p>I also argued, rightly, that many executors aren&#8217;t up to the task as estates are often so much more complicated nowadays. Holding companies, foreign real estate, shares in private enterprises, blended families, illiquid assets, etc., etc. There is some true expertise needed here. A financial background instead of just helping, may, in some cases be imperative. I would rather have a corporate executor. And I do! An entity who deals with these complex situations routinely. People who know what they are doing.<\/p>\n\n\n\n<p>Then the third reason to use a corporate executor, one I almost threw in here as an afterthought, was to avoid family friction. Have an unbiased party handle all of this. There are a lot of hot spots here, a lot of potential areas of conflict.<\/p>\n\n\n\n<p>Well, after taking in all this real-life, front-line feedback I can tell you that I had the reasons right\u2026 but the order wrong.<\/p>\n\n\n\n<p>The number of extreme family fallouts that has been shared with me is heartbreaking. \u201cI no longer speak to my brother.\u201d \u201cThe cousins won\u2019t be at the same wedding.\u201d \u201cOh my gosh, we ended up taking my stepsister to court.\u201d And so on and so on and so on.<\/p>\n\n\n\n<p>Look, I am a big fan of the corporate executor for larger and more complicated estates. Your family will be grateful.<\/p>\n<\/div><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>The Wealthy Barber on why he\u2019s chosen a corporate executor. <\/p>\n","protected":false},"author":15,"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":[253,868,106,770,867],"rbcwm_content_owner":[609],"rbcwm_need":[84],"rbcwm_segment":[66],"rbcwm_solution":[82],"rbcwm_topic":[94],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-29519","post","type-post","status-publish","format-standard","hentry","category-estate-planning","tag-david-chilton","tag-estate-executor","tag-the-wealthy-barber","tag-video","tag-who-is-the-executor-of-your-estate","rbcwm_content_owner-royal-trust","rbcwm_need-protect","rbcwm_segment-individuals-and-families","rbcwm_solution-wealth-planning","rbcwm_topic-your-wealth"],"acf":{"rbcwm_subtitle":"The Wealthy Barber on why he\u2019s chosen a corporate executor. ","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. RBC and Royal Trust are registered trademarks of Royal Bank of Canada. Used under license. \u00a9 Royal Bank of Canada 2025. All rights reserved."},"rbcwm_insight_cta_id":[20484],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":2,"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>Video: Who is the executor of your estate?<\/title>\n<meta name=\"description\" content=\"The Wealthy Barber on why he\u2019s chosen a corporate executor.\" \/>\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.rbcwealthmanagement.com\/en-ca\/insights\/video-who-is-the-executor-of-your-estate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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