{"id":57529,"date":"2021-10-29T20:39:00","date_gmt":"2021-10-29T20:39:00","guid":{"rendered":""},"modified":"2024-07-31T14:24:51","modified_gmt":"2024-07-31T18:24:51","slug":"three-will-and-estate-planning-facts-that-will-surprise-you","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/death-of-a-family-member\/three-will-and-estate-planning-facts-that-will-surprise-you\/","title":{"rendered":"Three Will and estate planning facts that will surprise you"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/parenting\/\">\n\t\t\t\t\t\t\t<span>Parenting<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Three Will and estate planning facts that will surprise you<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By David Chilton<\/p>\t\t\t\t\t<div class=\"featured-video-wrapper pos-rel\">\n\t\t\t\t\t\t<iframe loading=\"lazy\" title=\"Three Will and estate planning facts that will surprise you\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/U5td4VLRBzo?feature=oembed&#038;rel=0\" frameborder=\"0\"><\/iframe>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Three Will and estate planning facts that will surprise you &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/death-of-a-family-member\/three-will-and-estate-planning-facts-that-will-surprise-you\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/death-of-a-family-member\/three-will-and-estate-planning-facts-that-will-surprise-you\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published October 29, 2021 \u2022 2 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p><em>This article originally appeared on <em><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/three-will-and-estate-planning-facts-that-will-surprise-you\" data-dig-id=\"LP-57529-4e3ac029\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Wealth Management\" class=\"rbc-link-format\">RBC Wealth Management<\/a><\/em>.<\/em><\/p>\n\n\n\n<p>This video is part of&nbsp;Uncomplicated advice for executors&nbsp;video series created in collaboration between&nbsp;<a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/royal-trust\" data-dig-id=\"LP-57529-038ad1c4\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Wealth Management Royal Trust&nbsp;\" class=\"rbc-link-format\">RBC Wealth Management Royal Trust&nbsp;<\/a>and David Chilton, author of best-selling personal finance guides <em>The Wealthy Barber<\/em>&nbsp;and&nbsp;<em>The Wealthy Barber Returns<\/em>, and former dragon on CBC\u2019s&nbsp;<em>Dragons\u2019 Den<\/em>. This series features Bryan and Sarah Baeumler of HGTV Canada\u2019s&nbsp;<em>Island of Bryan<\/em>. Leave a legacy, not a burden<sup>\u2122<\/sup><\/p>\n\n\n\n<div class=\"wp-block-columns has-border-color has-grey-border-color has-light-grey-background-color has-background is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\" style=\"border-width:1px\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-not-sure-how-to-get-started-let-us-guide-you\">Not sure how to get started? Let us guide you.<\/h2>\n\n\n\n<p class=\"has-text-align-center\">Contact one of our skilled RBC Royal Trust professionals to find out more about the right services for you.<\/p>\n\n\n\n<p class=\"has-text-align-center\">By phone:&nbsp;<a href=\"tel:18558336511\" target=\"_blank\" rel=\"noreferrer noopener\">1-855-833-6511<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/contact.rbcwealthmanagement.com\/royaltrust\/en\/?icam=barber&amp;_ga=2.157853434.1727509694.1634565279-1057982065.1631715222\" data-dig-id=\"LP-57529-737ab29b\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"let us contact you\" class=\"rbc-link-format\">let us contact you<\/a>.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"has-light-grey-background-color has-background\">You pass away, your executor, while administering your estate, also passes away. Do you know who takes over as the executor of your estate?<\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57529-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>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.<\/p>\n\n\n\n<p>RBC Royal Trust and RBC Wealth Management are business segments of the Royal Bank of Canada. Please click the \u201cLegal\u201d 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. \u00ae\/TM Trademark(s) of Royal Bank of Canada. RBC and Royal Trust are registered trademarks of Royal Bank of Canada. Used under license. \u00a9 Royal Bank of Canada 2021. All rights reserved.<\/p>\n<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-6ca551ca-a4c8-47e9-aed9-2d42d3269b39\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"has-text-align-center h5 mar-b\"><strong>Share This Article<\/strong><\/p>\n\n\n\n\t\t<div class=\"socials-block\">\n\t\t\t    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Three Will and estate planning facts that will surprise you &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/death-of-a-family-member\/three-will-and-estate-planning-facts-that-will-surprise-you\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        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class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/parenting\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Parenting<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/protecting-wealth\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Protecting Wealth<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div class=\"related-post-list\">\n\t\t\t\t\t<ul class=\"grid-wpr eh-wpr\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class= 'grid-one-third grid-tb-full grid-mob-full mar-b'>\n\t\t\t\t\t\t\t\t\t\t<article class=\"col-wpr mar-b-0 mar-r-0 mar-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"postcard-img-ctr post-card-image col-md-12 col-xs-6 mob-mar-b-0 pad-l-0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-08-28T124759.248.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Woman with flower on coffin after loss of a loved one\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-08-28T124759.248.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-08-28T124759.248.jpg?resize=300,200 300w, 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href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/life-events\/finances-and-relationships\/death-of-a-family-member\/loss-of-a-loved-one-whos-on-your-financial-support-team\/\" class=\"card-title h4 mar-t-0\">Loss of a Loved One: Who&#8217;s on Your Financial Support Team?<\/a>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-6ca551ca-a4c8-47e9-aed9-2d42d3269b39 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-6ca551ca-a4c8-47e9-aed9-2d42d3269b39 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-635a1876-35bf-4311-a4f4-13b3631049c6 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-635a1876-35bf-4311-a4f4-13b3631049c6 {\n\t\t\theight: 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