Bruno Bougie - Estate Planning

Personalized estate planning

We take the time to understand your circumstances, wishes and intentions. With that in-depth knowledge, we can provide will and estate planning recommendations that are consistent with your objectives. Depending on your situation, this may include:

Reviewing your existing will and estate plans to ensure they still meet your wishes and objectives
Planning considerations to help preserve family harmony or address unique family situations
Tax-efficient strategies to transfer your wealth to your chosen beneficiaries
Considering options for charitable giving to leave a lasting legacy
Considering potential insurance strategies and coverage needs
Different methods for transferring your assets

Your RBC Wealth Management advisor and our team of specialists are here to provide guidance and help ensure your objectives and the full scope of your situation are considered as part of your estate plans.

Let us assist with weighing the costs and benefits of different courses of action, and work with your own tax and legal advisors as part of the process.

When should you review your will and estate plan?

View transcript

We all know the importance of regular health check-ups, but when was the last time you took a look at your Will or estate plan?

Is it overdue for a check-up?

Most legal professionals recommend reviewing your plan every 3 to 5 years, and any time you experience a major life event, such as:

A marriage;
The disability of a dependent; or
The death of a beneficiary, spouse or executor, to name a few.

For example, a common misconception is that your assets will automatically pass to your surviving spouse in the event of your death. But, if you haven’t properly documented your wishes through a valid Will or beneficiary designations, you may be considered to have died “intestate”.

This means your assets will be administered under the intestate succession legislation for the province or territory where you live.

So, it’s possible your spouse may not receive all of your estate assets—even if this was your intention.

Protect your loved ones.

This video is provided by RBC Wealth Management for informational purposes only. The comments contained in this video are general in nature, and do not constitute legal, investment, trust, estate, accounting or tax advice. RBC Dominion Securities Inc.*, Royal Trust Corporation of Canada, The Royal Trust Company, RBC PH&N Investment Counsel Inc., RBC Wealth Management Financial Services Inc. are affiliated corporate entities and member companies of RBC Wealth Management, a business segment of Royal Bank of Canada. *Member – Canadian Investor Protection Fund. Please visit www.rbc.com/legal/ for further information on the entities that are member companies of RBC Wealth Management. ®/TM Trademark(s) of Royal Bank of Canada. Used under license. © 2020 Royal Bank of Canada. All rights reserved.