What is a trust? The Wealthy Barber explains

Estate planning
Insights

Trusts protect your wealth for the benefit of current and future generations.

Share

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.

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. ®/™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2024. All rights reserved.

RBC Wealth Management is a business segment of 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.

® / ™ Trademark(s) of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2024. All rights reserved.


Let us guide you


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

Planning to protect your estate and your loved ones, now and for the future.

Have you been named as an executor of a Will? The Wealthy Barber says, “Get help!”

Executor services protect you from liability and ease the burden on your family.

Video: The Wealthy Barber has a power of attorney. Do you?

A power of attorney for property protects your assets so your loved ones can focus on your care.

The Wealthy Barber: Get an up-to-date Will!

Wills help to protect your estate and ensure your wishes are fulfilled.

Related articles

Why The Wealthy Barber won’t act as executor for even his closest friends

Estate planning 2 minute read
- Why The Wealthy Barber won’t act as executor for even his closest friends

The Wealthy Barber on why a DIY approach for executors is often unwise

Estate planning 3 minute read
- The Wealthy Barber on why a DIY approach for executors is often unwise

The Wealthy Barber explains the benefits of a testamentary trust

Estate planning 4 minute read
- The Wealthy Barber explains the benefits of a testamentary trust