A carefully crafted estate plan can help minimize estate taxes and reduce the likelihood assets will need to be liquidated to pay estate taxes. We can help you develop a plan that establishes how your assets are distributed after your death, designating your beneficiaries and transferring your assets according to your wishes.
Your RBC Wealth Management financial advisor will provide financial expertise as a member of your estate planning team that may include your accountant, attorney and trust officer, if applicable.
A properly drafted will is the most basic component of a successful estate plan. You may also wish to consider a trust-based estate plan that can provide control, privacy, continuity and potential tax savings.
While both wills and trusts can provide for the distribution of your estate and minimize estate and transfer taxes, a trust is required if you wish to:
In addition, certain types of trusts can help produce a steady income stream in retirement. Your financial advisor can review the different types of trusts available and assist you in determining which is most suitable to help you meet your goals.
Managing trusts is a specialized business. RBC Wealth Management partners with professional trustee service providers in domestic and international jurisdictions, according to your needs. As a member of your trust team, your financial advisor can help:
Investors of all ages can benefit from trust planning, because trusts offer the versatility to accomplish almost any wealth management and estate planning need.
Your financial advisor, along with a trust specialist, will guide you through the process of trust-based planning for maximum tax advantages and control.
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Check to make sure your beneficiary designations are current for your:
Personal and family changes can affect your estate plan.