While it’s not anyone’s favourite topic to discuss, many of our clients have questions regarding estate documents. In my 25 year career, I have seen first-hand the impact of not properly planning for your family’s future. Many of you have likely heard of David Chilton, also known as the Wealthy Barber. Our partners at Royal Trust have been working with David on a video series that outlines many of the different considerations when planning out your estate. We thought we would highlight the part of his series where he discusses choosing an executor.

The Wealthy’s Barber’s tips for choosing the right executor.

In this first video, David explores the common myth – it’s easy picking an executor! Just go with your most trusted family member or friend.

Click here to watch.

Why The Wealthy Barber won’t act as executor for even his closest friends.

We often tell our clients that naming a loved one as an executor is an honour, but it can also be a burden at a stressful time when they are grieving and dealing with a complex estate.

Click here to listen to David discuss his boundary.

The Wealthy Barber on how a corporate executor helps family harmony.

You might wonder what options are available if you don’t choose a family member or friend.

Click here to listen to David discuss how experienced professionals can carry out your last wishes.

If you would like to chat more about this topic, please reach out to us. We would be happy to set up a meeting and determine what next steps might make sense for you.

• • • Vince