Video: Does your executor have financial skills? Why the Wealthy Barber thinks they should

April 26, 2023 | David Chilton


Will and estate planning tips for multiple generations

David Chilton

This video is part of the Estate planning across generations video series created in collaboration between RBC Wealth Management Royal Trust and David Chilton. Chilton is the author of best-selling personal finance guides The Wealthy Barber and The Wealthy Barber Returns, and former dragon on CBC’s Dragons’ Den. This series features David Chilton’s dad, Bob Chilton, and his daughter, Courtney Chilton. Leave a legacy, not a burden™

Being an executor is not easy, and different skill sets are required to complete the many tasks involved.

“Your executor has to have great communication skills, be able to distill complex financial information and then convey it in an understandable fashion to your beneficiaries.” – David Chilton

There is help available, but many people don’t know professionals can be appointed instead of a family member or a friend. A recent survey by RBC Royal Trust found that more than 54 percent of Canadians don’t know that a professional executor can be hired to settle an estate.

RBC Royal Trust and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the “Legal” 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. ©/™ Trademark(s) of Royal Bank of Canada. RBC and Royal Trust are registered trademarks of Royal Bank of Canada. Used under license. © Royal Bank of Canada 2023. All rights reserved.

In Quebec, financial planning services are provided by RBC Wealth Management Financial Services Inc. which is licensed as a financial services firm in that province. In the rest of Canada, financial planning services are available through RBC Dominion Securities Inc.


Estate planning