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This article 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.
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.