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Personal Banking > Investments > Investment Advice > Living in Retirement > Planning your Legacy

Planning your Legacy

As you move through retirement, you may be thinking about the legacy you would like to create. As with most things, advance preparation can help make the process easier.

Preparing your estate

An effective estate plan that helps you to pass on your assets to your loved ones or to the causes you support can add to your satisfaction in retirement. From a financial planning standpoint, there are some key things that you want to do in advance.

Expand - Key steps for getting your estate in order Key steps for getting your estate in order

 

To learn more about preparing your estate and planning your legacy, download the “Estate Planning: More Than Just a Will” (opens PDF in new window) guide.

Power of Attorney

If you're like many people, you may believe that if you were to become mentally or physically incapacitated due to illness or accident, your spouse or partner could simply act on your behalf. But this is not the case. In fact, without a court order or a general Enduring Power of Attorney, your family members could not manage your financial affairs.

Expand - Setting up a power of attorney Setting up a power of attorney

 

Helping loved ones now

Like many people in or approaching retirement, you likely still want to provide for others during your retirement years. For example, you may wish to give your grandchildren education opportunities or unique life experiences, help your son or daughter buy a home, or continue supporting your favourite charity.

An RBC advisor can help you create your estate plan, and guide you through the steps you’ll want to take as you help your loved ones now and down the road.

 
 

Estate Planning: More Than Just a Will

Download the “Estate Planning: More Than a Will” guide, for more information about planning your legacy.

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Understanding your responsibilities as an executor of an estate

Understanding your responsibilities as an executor of an estate

It’s a big responsibility to be an executor, with as many as 70 separate tasks. Keep this in mind if you are asked to act as an executor and when choosing your executor.

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