With this new, user-friendly online platform,
it's now easier for Canadians to ensure they have a
Will
TORONTO, Nov. 16, 2021 /CNW/ - RBC and Epilogue Wills
are collaborating to offer clients who need basic estate planning
an affordable online option, provided by Epilogue Wills, to create
a legally-binding Will. The collaboration, which comes during Make
a Will Month in Ontario, is part
of RBC's ongoing focus to provide individuals and families with
modern and innovative estate planning solutions, tailored to their
needs.
According to an Angus Reid Institute poll, 51 per cent of
Canadians surveyed don't have a Will, while survey findings from
LawPRO show that the number jumps to 88 per cent for Canadians aged
27-34. Many younger Canadians often assume they are too young to
need a Will, however a Will ensures a person's wishes and
intentions are documented and carried out.
"We really see the number of Canadians without a Will,
especially those under the age of 35, as one of the many areas
where we can help them plan for and protect their future," said
Rick Lowes, Vice President, Personal
Savings & Investments Strategy, RBC. "Our collaboration with
Epilogue Wills helps clients requiring basic Wills to get their
estate in order and gain that peace of mind. By adding the ability
to do this online, we're also making it as convenient as
possible."
Completing an online Will with Epilogue takes about 20 minutes
and can be done from the comfort of home. Users answer questions
about themselves and their wishes and follow the signing
instructions provided to ensure the Will becomes a legally-binding
document. Resources from RBC Royal Trust will be made available
throughout the process to help educate clients on relevant estate
planning topics.
RBC Ampli, a free cash back app, is planning to offer this
service to its users.
"Epilogue was founded by estate planning lawyers who understand
that online Wills are not the right solution in every case, but can
be a good option for people with basic planning needs," said
Leanne Kaufman, President and CEO of
RBC Royal Trust. "For simple estates, we see this service as a way
to democratize estate planning, and encourage those who might
otherwise avoid creating a Will to get the job done – and save
their loved ones from the challenges of trying to work through an
estate settlement without a Will."
"As tax and estate planning lawyers, we know how important it is
for Canadians to have an up-to-date Will," said Daniel Goldgut, Co-Founder & CEO of Epilogue
Wills. "We also know that the cost and time involved have
traditionally been barriers to people completing their Wills.
Collaborating with RBC gives us the opportunity to help millions of
Canadians learn more about estate planning, plan for the future and
create the legacy they want."
About Epilogue
Epilogue is a simple, fast, and
affordable way for Canadians to make their Wills and other
important estate planning documents online—without leaving the
comfort of their own home or having to step foot in a lawyer's
office. Founded by two estate planning lawyers, Epilogue's
best-in-class estate planning platform supports customers
throughout the Will-making process and beyond. As life
circumstances change (as they inevitably do), Epilogue customers
can easily login and update their estate planning documents by
simply signing in to their dashboard. For more information, please
visit epiloguewills.com.
About RBC
Royal Bank of Canada is a global financial institution with
a purpose-driven, principles-led approach to delivering leading
performance. Our success comes from the 88,000+ employees who
leverage their imaginations and insights to bring our vision,
values and strategy to life so we can help our clients thrive and
communities prosper. As Canada's
biggest bank, and one of the largest in the world based on market
capitalization, we have a diversified business model with a focus
on innovation and providing exceptional experiences to our 17
million clients in Canada, the
U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives
through donations, community investments and employee volunteer
activities. See how at rbc.com/community-social-impact.
SOURCE RBC Wealth Management