{"id":57884,"date":"2022-05-02T18:02:00","date_gmt":"2022-05-02T18:02:00","guid":{"rendered":""},"modified":"2024-01-10T09:02:15","modified_gmt":"2024-01-10T14:02:15","slug":"5-key-elements-of-estate-planning","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","title":{"rendered":"5 Key Elements of Estate Planning"},"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\/savings\/\">\n\t\t\t\t\t\t\t<span>Savings<\/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\">5 Key Elements of Estate Planning<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Rebecca Lake<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\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\/Thumbnail-default-758-1-1.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"A picture showing a happy middle-aged couple looking at the laptop on their kitchen counter.\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\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=5 Key Elements of Estate Planning &#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\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\">\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\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\">\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 May 2, 2022 \u2022 6 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>A comprehensive estate plan can provide reassurance and peace of mind that your loved ones will be provided for should you become incapacitated or pass away. It can also ensure a cost- and tax-efficient distribution of your assets while minimizing the potential for conflicts among your heirs.<\/p>\n\n\n\n<p>Creating an estate plan begins with understanding the crucial elements to include. The following five components can help provide you a solid foundation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. Will<\/h2>\n\n\n\n<p>Your Will is the cornerstone of your estate plan. This legal document allows you to appoint an executor (also called an \u201cestate trustee&#8221; in Ontario and a \u201cliquidator&#8221; in Quebec) to administer your assets upon your passing. It also allows you to document your wishes and intentions for how property and possessions are to be distributed.<\/p>\n\n\n\n<p>There&#8217;s no legal obligation to <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/key-considerations-in-planning-your-will\/\" data-dig-id=\"LP-57884-dc94b1bd\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"create a Will\" class=\"rbc-link-format\">create a Will<\/a> but there&#8217;s a very important reason for doing so. Without a Will in place, your assets would be distributed according to the provincial or territorial legislation based on where you live when you pass away. <b>Taking time to create a Will, even if you&#8217;re young and healthy, means you&#8217;ll retain some control over what happens to your assets after you&#8217;re gone. <\/b><\/p>\n\n\n\n<p>Keep in mind that you may need to review and\/or update your Will after certain life events or financial changes. For example, getting married or divorced, having a child or moving to a different province or country may necessitate a Will review. <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/key-considerations-in-planning-your-will\/\" data-dig-id=\"LP-57884-b0c8cf1a\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Updating your Will\" class=\"rbc-link-format\">Updating your Will<\/a> may also be necessary if you need to name a new executor or if you acquire new assets or liabilities. It&#8217;s important to review your will with a qualified legal advisor to determine if changes are necessary.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Beneficiary designations<\/h3>\n\n\n\n<p>A beneficiary is someone who benefits financially from your estate. If you&#8217;re developing a Will, for example, you can designate your spouse, children or someone else as beneficiaries and specify what assets you&#8217;d like them to receive.<\/p>\n\n\n\n<p>There are also instances where you can name a beneficiary (not available in Quebec) in a registered plan to receive assets upon death. For example, you can designate beneficiaries for:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/investing\/types-of-investments\/compare-savings-options-tfsas-rrsps-and-savings-accounts\/\" data-dig-id=\"LP-57884-4745a6ae\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Registered Retirement Savings Plans (RRSPs)\" class=\"rbc-link-format\">Registered Retirement Savings Plans (RRSPs)<\/a><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Registered Retirement Income Funds (RRIFs)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/investing\/types-of-investments\/compare-savings-options-tfsas-rrsps-and-savings-accounts\/\" data-dig-id=\"LP-57884-7ecf7bb1\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Tax-Free Savings Accounts (TFSAs)\" class=\"rbc-link-format\">Tax-Free Savings Accounts (TFSAs)<\/a><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Registered Education Savings Plans (RESPs)<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Locked in accounts &#8211; like Life Income Fund (LIF), Locked-in Retirement Account (LIRA), Prescribed Retirement Income Fund (PRIF) or Life income funds (LRIF)<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>With an RRSP you can name one or more beneficiaries. If you have an RRIF or TFSA, you can choose between naming a <a href=\"https:\/\/www6.royalbank.com\/en\/di\/hubs\/investing-academy\/chapter\/naming-a-beneficiary\/jv7atetx\/jv7ateum\" target=\"_blank\" rel=\"noopener\">successor annuitant or holder<\/a> or one or more beneficiaries. Individual RESPs allow one beneficiary designation while family RESPs allow for multiple beneficiaries.<\/p>\n\n\n\n<p>Similar to reviewing your Will, it may be necessary to review and update beneficiaries for these types of accounts if you experience a life change. If you get divorced, for example, you may not want your former spouse to continue as the beneficiary of your RRSP. You&#8217;d need to change that designation; otherwise, they&#8217;d still be entitled to receive those assets.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">3. <a href=\"https:\/\/discover.rbcroyalbank.com\/power-of-attorney-why-it-is-so-important\/\" target=\"_blank\" rel=\"noopener\">Power of attorney (POA)<\/a><\/h4>\n\n\n\n<p>A <a href=\"https:\/\/www.canada.ca\/en\/employment-social-development\/corporate\/seniors\/forum\/power-attorney-financial.html\" target=\"_blank\" rel=\"noopener\">Power of Attorney<\/a> (or a <a href=\"https:\/\/www.curateur.gouv.qc.ca\/cura\/en\/majeur\/client\/prevoyant\/mandat\/index.html\" target=\"_blank\" rel=\"noopener\">Mandate<\/a> in Quebec) is a legal document whereby one person, commonly referred to as a donor, gives another person(s), referred to as the attorney(s), the power and authority to act on the donor&#8217;s behalf. In performing their duties under a POA, the attorney(s) must always act in the best interests of the donor.<\/p>\n\n\n\n<p>There are two types of POA documentation you may need to include in your estate plan:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Power of attorney for property and financial matters &#8211;&nbsp;<\/strong>Used to grant the attorney(s) authority to make decisions about financial and property matters on your behalf.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Power of attorney for personal care &#8211;&nbsp;<\/strong>Authorizes someone else to make decisions regarding your personal care if you&#8217;re unable to do so yourself.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>You have the ability to determine how limited or broad your attorney&#8217;s powers are when making financial or personal care decisions and when the POA will come into effect. <b>Typically, POAs are drafted to allow the attorney(s) to act for the donor after their incapacity (referred to as an \u201c<\/b><b>enduring POA<\/b><b>&#8220;*)<\/b>. Alternatively, POAs can be drafted to have a limited duration or scope, which will limit the authority of the attorney(s) to a specific task or transaction and for a limited time after which the POA would cease to be valid (commonly referred to as a \u201climited scope POA&#8221;). As with other estate planning documents, it&#8217;s a good idea to review the scope of these powers regularly as well as the person you&#8217;ve selected to be your attorney to ensure that they&#8217;re still a good fit.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">4. Tax planning<\/h4>\n\n\n\n<p>There are tax contingencies you may need to anticipate in your estate plan, including income taxes due at death under deemed disposition rules, provincial or territorial probate taxes and any U.S. estate tax that you may owe.<\/p>\n\n\n\n<p><b>Designating your spouse as the beneficiary of your RRSP or RRIF can <\/b><b>allow them to transfer those assets into their own RRSP\/RRIF without an immediate tax liability<\/b><b>.<\/b> Other estate planning tax management strategies you might consider include <a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/insights\/gifting-wealth-while-living-vs-through-a-will-upon-death\" target=\"_blank\" rel=\"noopener\">gifting assets to your heirs<\/a> during your lifetime to cover taxes that might arise when you pass away.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-ca\/solutions\/charitable-giving\" target=\"_blank\" rel=\"noopener\">Charitable giving<\/a> may also yield valuable tax benefits. For example, making a large bequest in your Will to an eligible registered charity could yield a sizable tax credit. That may help to offset some tax liability owed on your final tax return.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">5. Trusts<\/h4>\n\n\n\n<p>A trust is a legal arrangement in which you transfer an asset or assets to a trustee for the benefit of one or more of your beneficiaries. There are two main categories of trusts you might consider:<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Testamentary Trust<\/strong>&nbsp;-Established in your Will or by court order and takes effect once you pass away.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><strong>Living Trust or Inter Vivos Trust&nbsp;&#8211;&nbsp;<\/strong>Any type of trust that is not a testamentary trust. These trusts are created and funded while you&#8217;re still living.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<p>A trust can be revocable (meaning its terms can be modified), or irrevocable (meaning its terms are permanent). <b>Trusts can offer more flexibility and control for estate planning, as you can specify how you&#8217;d like your assets to be managed and when they should be distributed to your beneficiaries.<\/b><\/p>\n\n\n\n<p><b>A trust can also offer privacy as it does not go through probate or become part of the public record.<\/b> Those are all features you might appreciate as you work toward growing wealth.<\/p>\n\n\n\n<p><sup>*<\/sup><em>Depending on the province\/territory, the term used to describe a Power of Attorney document for property that can be used during the donor&#8217;s incapacity may vary. Some provinces\/territories may refer to it as a \u201ccontinuing&#8221; or \u201cenduring&#8221; Power of Attorney. In Quebec, it is referred to as a \u201cProtection Mandate.&#8221; Please consult with your qualified legal advisor.<\/em><\/p>\n\n\n\n<p><\/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-57738-834a1009\" 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<\/div>\n<\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-55bfba17-5caa-4b93-8231-41787266d73d\" 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=5 Key Elements of Estate Planning &#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\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\">\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\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\">\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  \t\t<\/div>\n\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-c61c4a8f-d9c4-4948-8f0c-4cb3d789de49\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div 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\/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\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/savings\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Savings<\/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\/Thumbnail-default-617-1.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-617-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/planning-for-retirement\/\">\n\t\t\t\t\t\tPlanning for Retirement\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/planning-for-retirement\/where-will-you-live-in-retirement-four-things-to-consider-when-aging-in-place\/\" class=\"card-title h4 mar-t-0\">Where Will You Live in Retirement? Four Things to Consider When Aging in Place<\/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\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=\"1024\" height=\"683\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?quality=80&amp;w=1024\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Wood blocks spelling out 2024 with miniature houses on top\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg 4553w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?resize=768,512 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?resize=1024,683 1024w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?resize=1536,1024 1536w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2024\/04\/EMMA-fed-budget.jpg?resize=2048,1365 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/investing\/investing-basics\/\">\n\t\t\t\t\t\tInvesting Basics\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/money-academy\/investing\/investing-basics\/federal-budget-2024-what-are-the-proposed-capital-gains-tax-changes-and-how-might-they-affect-me\/\" class=\"card-title h4 mar-t-0\">Federal Budget 2024: What are the proposed capital gains tax changes and how might they affect me?<\/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\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\/TD-2023-01-11T162124.023-1.jpg?quality=80&amp;w=930\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"David Chilton, author of &quot;The Wealthy Barber&quot;\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2023-01-11T162124.023-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2023-01-11T162124.023-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2023-01-11T162124.023-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"card-details mob-mar-b-0 mob-mar-t-0 pad-r-0 col-md-12 col-xs-6\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/ideas-and-voices\/the-wealthy-barber\/\">\n\t\t\t\t\t\tThe Wealthy Barber\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/ideas-and-voices\/the-wealthy-barber\/the-wealthy-barber-david-chilton-serves-up-a-wealth-of-financial-knowledge\/\" class=\"card-title h4 mar-t-0\">The Wealthy Barber David Chilton Serves Up a Wealth of Financial Knowledge<\/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-55bfba17-5caa-4b93-8231-41787266d73d {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-55bfba17-5caa-4b93-8231-41787266d73d {\n\t\t\theight: 30px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-c61c4a8f-d9c4-4948-8f0c-4cb3d789de49 {\n\t\theight: 60px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-c61c4a8f-d9c4-4948-8f0c-4cb3d789de49 {\n\t\t\theight: 30px;\n\t\t}\n\t}\t<\/style>","protected":false},"excerpt":{"rendered":"<p>Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family&#8217;s financial future.<\/p>\n","protected":false},"author":116,"featured_media":69024,"parent":57301,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[97,48],"rbc_content_type":[31],"rbc_audience":[93],"rbc_lob_group":[71],"rbc_difficulty_level":[33],"rbc_mmm_category":[303,313,354],"class_list":["post-57884","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-protecting-wealth","tag-savings","rbc_content_type-article","rbc_audience-seniors","rbc_lob_group-investments","rbc_difficulty_level-beginner","rbc_mmm_category-goals-aspirations","rbc_mmm_category-retirement","rbc_mmm_category-will-and-estate-planning"],"acf":{"contently_publication_id":"316448","custom_author":"Rebecca Lake","rbc_video_header":"","rbc_media_duration":"","rbc_video_keywords":"","rbc_video_description":"","rbc_video_upload_date":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<meta name=\"description\" content=\"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family&#039;s financial future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family&#039;s financial future.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\" \/>\n<meta property=\"og:site_name\" content=\"RBC Royal Bank\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-10T14:02:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\"},\"author\":{\"name\":\"pamelacastillovega\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/496a968a6fd4fd5c0a5f6905393cce37\"},\"headline\":\"5 Key Elements of Estate Planning\",\"datePublished\":\"2022-05-02T18:02:00+00:00\",\"dateModified\":\"2024-01-10T14:02:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\"},\"wordCount\":1163,\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80\",\"keywords\":[\"Protecting Wealth\",\"Savings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\",\"name\":\"5 Key Elements of Estate Planning - My Money Matters\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80\",\"datePublished\":\"2022-05-02T18:02:00+00:00\",\"dateModified\":\"2024-01-10T14:02:15+00:00\",\"description\":\"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family's financial future.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80\",\"contentUrl\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80\",\"width\":930,\"height\":620,\"caption\":\"A picture showing a happy middle-aged couple looking at the laptop on their kitchen counter.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"My Money Matters\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goals and Aspirations\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Retirement\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Will and Estate Planning\",\"item\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"5 Key Elements of Estate Planning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#website\",\"url\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/\",\"name\":\"RBC Royal Bank\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/496a968a6fd4fd5c0a5f6905393cce37\",\"name\":\"pamelacastillovega\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g\",\"caption\":\"pamelacastillovega\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"description":"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family's financial future.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","og_locale":"en_US","og_type":"article","og_description":"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family's financial future.","og_url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","og_site_name":"RBC Royal Bank","article_modified_time":"2024-01-10T14:02:15+00:00","og_image":[{"width":930,"height":620,"url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#article","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/"},"author":{"name":"pamelacastillovega","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/496a968a6fd4fd5c0a5f6905393cce37"},"headline":"5 Key Elements of Estate Planning","datePublished":"2022-05-02T18:02:00+00:00","dateModified":"2024-01-10T14:02:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/"},"wordCount":1163,"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80","keywords":["Protecting Wealth","Savings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","name":"5 Key Elements of Estate Planning - My Money Matters","isPartOf":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage"},"image":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80","datePublished":"2022-05-02T18:02:00+00:00","dateModified":"2024-01-10T14:02:15+00:00","description":"Estate planning is more than just a will. A thoughtful estate plan helps simplify wealth transfer and secure your family's financial future.","breadcrumb":{"@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#primaryimage","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80","contentUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80","width":930,"height":620,"caption":"A picture showing a happy middle-aged couple looking at the laptop on their kitchen counter."},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"My Money Matters","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/"},{"@type":"ListItem","position":2,"name":"Goals and Aspirations","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/"},{"@type":"ListItem","position":3,"name":"Retirement","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/"},{"@type":"ListItem","position":4,"name":"Will and Estate Planning","item":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/"},{"@type":"ListItem","position":5,"name":"5 Key Elements of Estate Planning"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#website","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/","name":"RBC Royal Bank","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcroyalbank.com\/en-ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rbcroyalbank.com\/en-ca\/#\/schema\/person\/496a968a6fd4fd5c0a5f6905393cce37","name":"pamelacastillovega","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/745d58ec1c047fe673e0ce3c53b8a24b71556508cb083fa5f75e8c6262bde45e?s=96&d=mm&r=g","caption":"pamelacastillovega"}}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"5 Key Elements of Estate Planning","url":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/goals-aspirations\/retirement\/will-and-estate-planning\/5-key-elements-of-estate-planning\/"},"thumbnailUrl":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80&w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80"},"articleSection":"Uncategorized","author":[{"@type":"Person","name":"pamelacastillovega"}],"creator":["pamelacastillovega"],"publisher":{"@type":"Organization","name":"RBC Royal Bank","logo":""},"keywords":["protecting wealth","savings"],"dateCreated":"2022-05-02T18:02:00Z","datePublished":"2022-05-02T18:02:00Z","dateModified":"2024-01-10T14:02:15Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"5 Key Elements of Estate Planning\",\"url\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/goals-aspirations\\\/retirement\\\/will-and-estate-planning\\\/5-key-elements-of-estate-planning\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/my-money-matters\\\/goals-aspirations\\\/retirement\\\/will-and-estate-planning\\\/5-key-elements-of-estate-planning\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/Thumbnail-default-758-1-1.jpg?quality=80&w=150&h=150&crop=1\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.rbcroyalbank.com\\\/en-ca\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/09\\\/Thumbnail-default-758-1-1.jpg?quality=80\"},\"articleSection\":\"Uncategorized\",\"author\":[{\"@type\":\"Person\",\"name\":\"pamelacastillovega\"}],\"creator\":[\"pamelacastillovega\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"RBC Royal Bank\",\"logo\":\"\"},\"keywords\":[\"protecting wealth\",\"savings\"],\"dateCreated\":\"2022-05-02T18:02:00Z\",\"datePublished\":\"2022-05-02T18:02:00Z\",\"dateModified\":\"2024-01-10T14:02:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/rbcroyalbank.com\/p.js"},"featured_img":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-758-1-1.jpg?quality=80&w=930","coauthors":[],"author_meta":{"author_link":"https:\/\/www.rbcroyalbank.com\/en-ca\/author\/pamelacastillovega\/","display_name":"pamelacastillovega"},"relative_dates":{"created":"Posted 4 years ago","modified":"Updated 2 years ago"},"absolute_dates":{"created":"Posted on May 2, 2022","modified":"Updated on January 10, 2024"},"absolute_dates_time":{"created":"Posted on May 2, 2022 6:02 pm","modified":"Updated on January 10, 2024 9:02 am"},"featured_img_caption":"","tax_additional":{"post_tag":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/protecting-wealth\/\" class=\"advgb-post-tax-term\">Protecting Wealth<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/savings\/\" class=\"advgb-post-tax-term\">Savings<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Protecting Wealth<\/span>","<span class=\"advgb-post-tax-term\">Savings<\/span>"],"slug":"post_tag","name":"Tags"},"rbc_content_type":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/content-type\/article\/\" class=\"advgb-post-tax-term\">Article<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Article<\/span>"],"slug":"rbc_content_type","name":"Content Types"},"rbc_audience":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/audience\/seniors\/\" class=\"advgb-post-tax-term\">Seniors<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Seniors<\/span>"],"slug":"rbc_audience","name":"Audiences"},"rbc_lob_group":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/lob-group\/investments\/\" class=\"advgb-post-tax-term\">Investments<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Investments<\/span>"],"slug":"rbc_lob_group","name":"LOB Groups"},"rbc_difficulty_level":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/difficulty-level\/beginner\/\" class=\"advgb-post-tax-term\">Beginner<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Beginner<\/span>"],"slug":"rbc_difficulty_level","name":"Difficulty Levels"},"rbc_mmm_category":{"linked":["<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/goals-aspirations\/\" class=\"advgb-post-tax-term\">Goals &amp; Aspirations<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/retirement\/\" class=\"advgb-post-tax-term\">Retirement<\/a>","<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/mmm-category\/will-and-estate-planning\/\" class=\"advgb-post-tax-term\">Will and Estate Planning<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Goals &amp; Aspirations<\/span>","<span class=\"advgb-post-tax-term\">Retirement<\/span>","<span class=\"advgb-post-tax-term\">Will and Estate Planning<\/span>"],"slug":"rbc_mmm_category","name":"Categories"},"ep_custom_result":{"linked":[],"unlinked":[],"slug":"ep_custom_result","name":"Custom Results"}},"series_order":"","jetpack_sharing_enabled":true,"primary_tag":"48","primary_rbc_mmm_category":"354","_links":{"self":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter"}],"about":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/types\/rbc_my_money_matter"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/users\/116"}],"version-history":[{"count":5,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57884\/revisions"}],"predecessor-version":[{"id":81924,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57884\/revisions\/81924"}],"up":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_my_money_matter\/57301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media\/69024"}],"wp:attachment":[{"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57884"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57884"},{"taxonomy":"rbc_content_type","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_content_type?post=57884"},{"taxonomy":"rbc_audience","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_audience?post=57884"},{"taxonomy":"rbc_lob_group","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_lob_group?post=57884"},{"taxonomy":"rbc_difficulty_level","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_difficulty_level?post=57884"},{"taxonomy":"rbc_mmm_category","embeddable":true,"href":"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-json\/wp\/v2\/rbc_mmm_category?post=57884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}