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What Is a Trust? The Wealthy Barber Explains

By David Chilton

Published December 12, 2019 • 2 Min Read

This video is part of a four-part education series to help you protect your estate today and for the future. The series is produced 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.

Did you know?

  • There are two basic types of trusts: one that is active while you’re alive and one that starts after your death.

  • Trusts allow you to benefit individuals or charities while maintaining a degree of control over your assets.

  • A trust can span several generations; a trust company will be there for current and future beneficiaries.

    Not sure how to get started?

    Contact one of our skilled Royal Trust professionals to find out more about the right services for you.


    By phone: 1-855-833-6511 or let us contact you.

RBC Royal Trust and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the “Legal” link at the bottom of this page for further information on the entities that are member companies of RBC Wealth Management. The content in this publication is provided for general information only and is not intended to provide any advice or endorse/recommend the content contained in the publication. ®/TM Trademark(s) of Royal Bank of Canada. Used under license. © Royal Bank of Canada 2019. All rights reserved.

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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