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This article and video is part of a series created in collaboration between RBC Royal Trust and David Chilton, one of Canada’s best known and trusted voices in personal finance.Learn more
1) In Quebec, “liquidator”, in Ontario, “estate trustee with a Will.”
2) Terminology varies by province. “Mandate” in Quebec, “Power of Attorney” in the rest of Canada. In Quebec, “mandatary” is the person being appointed; in the rest of Canada, the appointee is considered the “attorney.”
View Tony Maiorino’s story (Vice President & Head, RBC Wealth Management Services) and how RBC Royal Trust can help you with your duties as attorney.
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Download this FREE guide, which provides information about the duties of being an attorney and how you can get help with those duties.
The so-called “longevity boom” taking place in developed countries is putting pressure on Canadians looking at how they should save, spend and transfer their wealth over a longer lifespan.