What is your primary service or product?
RBC Wealth Management, Estate and Trust Services offers assistance in numerous ways. We provide estate settlement and trustee services by being appointed as executor or co-executor in a Will or as a trustee. Additionally, we can help an individual client who has been named executor or trustee carry out their duties by having them hire us as their agent. We also assist with the management of property for incapable people by being appointed Power of Attorney for Property or Guardian of Property. Finally, we can also provide access to other RBC specialists not only in
When was your organization founded and what is its history?
We have been helping clients address their estate and trust needs for well over 100 years. Our legal entity name is Royal Trust Corporation of
What makes your organization unique?
Estate and trust work is ever changing and has become increasingly complex over the years due in part to changes in legislation and tax rules. There is an emotional aspect to these situations and there can be issues of family dynamics. Individuals may quickly find themselves overwhelmed. As experienced professionals, we have the knowledge and resources to help Canadians successfully navigate the challenges they may face in these situations. And we do this with respect, compassion and understanding of the situation they are facing.
Who would be a good client for you?
Our clients are people who come from all walks of life and from all demographic backgrounds. They may feel the need to have knowledgeable professionals involved in this aspect of their financial lives. For instance, often our services come into play after there has been a death. The client may accept an executor appointment but find themselves unprepared for the responsibilities and the time required with settling an estate. Another situation that frequently arises occurs when a client is looking for professional help in setting up and managing a trust for a friend or family member. The family member may have special needs or the client may simply want to guarantee sound management of the trust for a child, spouse, partner or other family member. As well, our clients are people who may not have a trusted friend or family member to carry out their last wishes or to manage their property during incapacity.
What does being a member of the OGLCC mean to you and your organization?
First, being a member provides a great opportunity to exchange information and knowledge about our respective businesses with other LGBT professionals. But moreover, through the unique network that the Chamber provides, it enables us to learn business practices and techniques unique to our community from other Chamber members. As a result, we learn things that will benefit our own organization. The OGLCC provides the only vehicle to do this. It truly enables us to forge solid professional relationships that help our businesses thrive in a very competitive marketplace.
Visit RBC Wealth Management, Estate and Trust Services online.
