Preview Mode Links will not work in preview mode

Each week on “I’m a Millionaire, So Now What?”, Colleen O’Connell-Campbell, Wealth Advisor at RBC Dominion Securities, delivers inspirational stories and practical advice to self-made millionaires and wealthy families. With a focus on financial planning and wealth management strategies, Colleen and her guests cover the critical issues that truly matter to you, including succession strategies, family business governance tips, how to cope with fundraiser fatigue, finding your purpose after losing your family business, and much more.

Apr 16, 2019

Demi McGoldrick is the Associate Lawyer for wills and estate planning at Brazeau Seller Law. Demi obtained her education in the UK, where she gained experience working for personal injury and corporate law firms. She moved to Ontario in 2018, when she acquired the Bar Admission from The Law Society of Upper Canada. In addition to helping clients with estate planning, Demi is passionate about travel, sailing, and scuba diving.

 

Demi joins me today to share the role of your executor and how it has become far more complicated in recent years. She highlights how to search for, read, and understand the contents of a will and the responsibilities that are part of the executor's role. Demi reveals the best way to talk to beneficiaries and set realistic expectations, in particular to the timeline of settling the will and distributing assets. She also shares a story to portray why it is vital for an executor to safeguard assets, such as a home.

 

 

“You have to have the original will in order to submit it for probate.”- Demi McGoldrick

 

 

 

Today on I’m A Millionaire...So, Now What?:

 

  • The complications and burdens associated with being an executor.
  • How to locate and search for all wills and why it shouldn’t be kept in a safety deposit box.
  • Reading and understanding all aspects of a will.
  • Communicating timelines with beneficiaries, managing expectations, and holding assets.
  • Executor liability and safeguarding assets.
  • Practical steps for safeguarding a home.
  • A recap of essential steps to take as an executor.
  • Filing and paying taxes on behalf of a deceased person.

 

 

Resources Mentioned:

 

  • Email Colleen at colleen.campbell@rbc.com to request a free Executor Duties list

 

Connect with Demi McGoldrick:

 

Protect Yourself. Protect Your Family. Protect Your Assets

 

Protecting yourself, your family, and your assets are all essential elements of your roadmap to real riches as well as building and strategizing your financial plans.

 

If you’re ready to build your roadmap to riches and learn how to protect yourself, your family, and your assets join us this spring for our Estate Planning Sessions with RBC Wealth Management.

 

Topic: Your Power of Attorney: Quite Possibly the Most Important Person You Will Ever Hire

Date: Wednesday, April 24, 2019

Time: 2pm - 4pm

 

Topic: Your Executor: What You Need to Know Before You Hire Yours

Date: Wednesday, May 22, 2019

Time: 2pm - 4pm

 

Topic: Essential Family Conversations: Protecting Yourself and Your Wishes

Date: Wednesday, June 12, 2019

Time: 2pm - 4pm

 

Location details will be provided when you RSVP to the event(s). To RSVP, email Colleen at colleen.campbell@rbc.com

 

 

Get Ready for Fun Networking & Fundraising!

 

Kick off your high-heels ladies, lace up your golf shoes, and get ready for an exciting, fun way to network with your business peers while raising money for a worthy cause. Join me, Colleen O’Connell-Campbell and Shelley True on September 5, 2019, for the all women’s golf tournament, FORE-Play for Charity - the annual event supporting The Royal Ottawa Foundation for Mental Health.

 

The FORE-Play for Charity event features fun ways to network with other Ottawa-based business leaders such as Open Mic, Cocktail Hour, the Red Carpet event, and a unique Makeup and Beauty Bar as well as a Gala Dinner.

 

So if you’re ready to lace up your golf shoes and tee off to support The Royal Ottawa Foundation for Mental Health, visit www.truedotdesign.com/foreplay to register today - or, become a sponsor to show the community you’re serious about mental health.

 

Be sure to subscribe to our newsletter and follow FORE-Play for Charity on Facebook so you never miss an update on this important event.

 

Registration opens on April 1, 2019

 

 

 

Subscribe to the I’m A Millionaire, So Now What Podcast!

Thanks for joining us for this episode of I'm A Millionaire, So Now What Podcast - the show bringing you inspirational stories, practical strategies, and fun, frank advice for self-made millionaires and wealthy families. If you enjoyed this episode, please subscribe to the show on iTunes and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!