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The Wealthy Barber on Why it’s Important to Talk to Your Family about Estate Planning

By David Chilton

Published November 8, 2022 • 2 Min Read

This article originally appeared on RBC Wealth Management.

This video is part of the What you and your family should know about estate planning video series created in collaboration between RBC Wealth Management Royal Trust and David Chilton, 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 daughter, Courtney Chilton. Leave a legacy, not a burden™.

A recent survey by RBC Royal Trust found that 52 percent of Canadians still don’t have a Will, and 25 percent of Canadians don’t know where to start with creating their Will. Having an up-to-date estate plan that includes your Will is important, but it’s just the first step. Talking to your family about your plan can help alleviate questions, stress and time when it comes to settling the estate down the road.

“That half-hour conversation can save so much stress and time and money down the road.” – David Chilton

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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.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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