Video: The Wealthy Barber on the benefits of hiring a professional executor

February 01, 2024 | David Chilton


Professional executors have the knowledge and expertise required to handle complicated estates

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™

Estates are becoming more complicated. Acting as a loved one’s executor can be stressful, time-consuming and can harm family relationships.

“From holding companies to foreign real estate to filing multiple tax returns to tough investment decisions to blended families… you get the idea. This is complicated stuff. It takes a lot of skill to navigate those waters. Do you really want a friend or family member doing all of that?” – David Chilton

recent survey by RBC Royal Trust found that 41 percent of Canadians don’t know what a corporate executor is. A corporate executor is a professional executor—like a trust company—that can be appointed in your Will and will settle your 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