{"id":2960,"date":"2019-11-24T19:00:00","date_gmt":"2019-11-25T00:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/what-is-a-trust-the-wealthy-barber-explains\/"},"modified":"2024-07-31T10:20:11","modified_gmt":"2024-07-31T14:20:11","slug":"what-is-a-trust-the-wealthy-barber-explains","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/what-is-a-trust-the-wealthy-barber-explains","title":{"rendered":"What is a trust? The Wealthy Barber explains"},"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=\"6103095959001\"\n\t\t\t\t\t\t\t\tdata-video-id=\"6103095959001\" 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 four-part education series to help you protect your estate today and for the future. The series is produced in collaboration between&nbsp;<\/span><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 The Wealthy Barber and The Wealthy Barber Returns, and former dragon on CBC\u2019s Dragons\u2019 Den.<\/span><span><\/span><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-did-you-know\">Did you know?<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There are two basic types of trusts: one that is active while you\u2019re alive and one that starts after your death.<\/li>\n\n\n\n<li>Trusts allow you to benefit individuals or charities while maintaining a degree of control over your assets.<\/li>\n\n\n\n<li>A trust can span several generations; a trust company will be there for current and future beneficiaries.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Trusts protect your wealth for the benefit of current and future generations.<\/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-2960","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":"Trusts protect your wealth for the benefit of current and future generations.","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>What is a trust? 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