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Designing Your Estate Plan

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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:

  • Protect assets if you become incapacitated.
  • Avoid expenses and delays of probate.
  • Maintain privacy by preventing public access to trust details.

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.

A partnership with trust experts

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:

  • Provide investment expertise for the assets placed in trust.
  • Ensure your trust complements your overall financial objectives.
  • Simplify your experience by working with the other professional advisors involved in your trust.
  • Assist your beneficiaries when your trust assets are someday transferred to them.

Investors of all ages can benefit from trust planning, because trusts offer the versatility to accomplish almost any wealth management and estate planning need.


Retain control with a trust

Your financial advisor, along with a trust specialist, will guide you through the process of trust-based planning for maximum tax advantages and control.


Important information about estate planning (opens new window) and trusts (opens new window)

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Estate Planning Report


Are your beneficiary designations up to date?

Check to make sure your beneficiary designations are current for your:

  • Life insurance policies
  • Qualified retirement plan benefits
  • Individual retirement accounts
  • Annuities


When to review your estate plan

Personal and family changes can affect your estate plan.

  • Substantial increase or decrease in your estate
  • Marriages
  • Births
  • Divorces
  • Moves out of state
  • Business changes
  • Tax law changes
  • Retirement