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1) In Quebec, “liquidator”, in Ontario, “estate trustee with a will.”
2) Terminology varies by province. “Mandate” in Quebec, “Power of Attorney” in the rest of Canada. In Quebec, “mandatary” is the person being appointed; in the rest of Canada, the appointee is considered the “attorney.”
View Tony Maiorino’s story (Vice President & Head, RBC Wealth Management Services) and how RBC Estate & Trust Services can help you with your duties as attorney.
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Download this FREE guide, which provides information about the duties of being an attorney and how you can get help with those duties.
The so-called “longevity boom” taking place in developed countries is putting pressure on Canadians looking at how they should save, spend and transfer their wealth over a longer lifespan.