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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.

Jul 2, 2019

 

If you are estate planning or find yourself as an executor, then the question of whether to hire a professional is a decision that you will have to make. Many elements will determine the outcome of this question, including considering the personal liability and time-consuming nature of the role. If you wish to establish a strong estate plan, then your will should give direction on how to share your wealth and can accommodate the inclusion of naming a corporate executor and corporate power of attorney.

 

Today, I reveal when you should consider hiring a professional executor or power of attorney. I share the roles that Trust Companies, lawyers, and accountants can play during your estate planning as well as once you become an angel. I highlight the instances when a Trust Company is a better hire than a lawyer and explain the advantages of hiring a Trust Company to assist you if you have become an executor.

 

 

 

“When there are complex family dynamics, sometimes having a third party can professionally address these situations.” - Colleen O’Connell-Campbell

 

 

 

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

 

  • How Trust Companies can act as an agent for an executor or power of attorney.
  • The aspects of the estate and estate planning that lawyers will look after.
  • The role of the accountant in estate planning.
  • Circumstances when you should hire a professional.
  • When a Trust Company is a better choice than a lawyer.
  • Hiring a Trust Company as a contingent to your executor or power of attorney.
  • Hiring a Trust Company when you are acting as an executor or power of attorney.

 

 

 

Resources Mentioned:

 

 

 

 

 

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

 

 

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