This article originally appeared on RBC Wealth Management.
This video is part of the What you and your family should know about estate planning video series created 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. This series features David Chilton’s daughter, Courtney Chilton. Leave a legacy, not a burden™.
Only 35 percent of Canadians have appointed a power of attorney for property according to a recent survey by RBC Royal Trust. Preparing a power of attorney for property is an essential part of estate planning in order to ensure your financial affairs are managed should you become unable to do so.
“Everyone should have a power of attorney in place in case they become incapable of managing their own finances.” – David Chilton
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