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This 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.”
Having a Will prepared is one of the most important steps you will take in your lifetime. It outlines, who will be in charge of your estate, and where your assets will go after you’re gone.
Being an executor can be an overwhelming and challenging responsibility. Acting in the best interest of her friend’s estate meant using RBC’s Agent for Executor Services and having professional advice every step of the way.
A wealth of knowledge at your fingertips. Guides, articles, checklists and client stories on how Royal Trust can help protect and transfer your wealth.
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