{"id":2957,"date":"2020-04-10T19:00:00","date_gmt":"2020-04-11T00:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/the-wealthy-barber-on-how-a-cottage-can-complicate-estate-planning\/"},"modified":"2024-07-31T10:18:01","modified_gmt":"2024-07-31T14:18:01","slug":"the-wealthy-barber-on-how-a-cottage-can-complicate-estate-planning","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/the-wealthy-barber-on-how-a-cottage-can-complicate-estate-planning","title":{"rendered":"The Wealthy Barber on how a cottage can complicate estate planning"},"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=\"6174368183001\"\n\t\t\t\t\t\t\t\tdata-video-id=\"6174368183001\" 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\"><span>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\u00a0<\/span><a href=\"\/royal-trust\/\">RBC Wealth Management Royal Trust<\/a><span>\u00a0and David Chilton, author of best-selling personal finance guides\u00a0<\/span><em>The Wealthy Barber<\/em><span>\u00a0and\u00a0<\/span><em>The Wealthy Barber Returns<\/em><span>, and former dragon on CBC\u2019s\u00a0<\/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>My children are mature, caring people who will figure out a fair-to-all approach to sharing the cottage when I\u2019m gone that perfectly preserves family harmony.<\/p>\n\n\n\n<p><strong><span class=\"meta-bold\">Fact:<\/span><\/strong><span>&nbsp;<\/span>It\u2019s incredible how challenging it is to make everyone happy, or even somewhat happy, or even not bitter, when passing on a cottage to multiple beneficiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe 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.\u201d<\/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-2957","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":"\u201cThe 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.\u201d","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":4,"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>The Wealthy Barber on how a cottage can complicate estate planning<\/title>\n<meta name=\"description\" content=\"\u201cThe 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.\u201d\" \/>\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\/the-wealthy-barber-on-how-a-cottage-can-complicate-estate-planning\" \/>\n<meta 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