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Colleen O'Connell-Campbell delivers inspirational stories from the Self-Made Nation. She puts a focus on planning and wealth management strategies for businesses looking to build the strategy that will lead to a cash-rich exit. With guests across different industries and philosophies, you'll hear stories that go deep and tactical. Perhaps most importantly, Colleen and her guests offer 'fun, frank advice' in a segment that is being compiled into a book.

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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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 Apple Podcasts and leave a positive review. Don’t forget to share your favorite episodes with other wealthy families and self-made millionaires on social media!