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.
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