Estate planning options at RBC Wealth Management

An IRA beneficiary may name subsequent beneficiaries for the inherited share, if the custodian permits.^{1, 2}

For an IRA holding community property, the owner represents that the spouse has consented to the designation where community property law requires it. The custodian's form can capture that consent, but the custodian does not require it.^{1, 2}

For IRAs. Sent by the institution on request.^{1, 2}

If no IRA beneficiary designation is in effect, no named beneficiary survives, or RBC cannot locate a named beneficiary after reasonable search, the IRA balance is payable to the surviving spouse, or to the estate if there is no surviving spouse.^{1, 2}

A new IRA beneficiary designation can be filed at any time to change the beneficiaries.^{1, 2}

RBC Wealth Management holds and manages trust assets but does not act as trustee: "Trust services are provided by third parties. Neither RBC Wealth Management nor its Financial Advisors are able to serve as trustee."³

RBC's Professional trustee services page describes "independent corporate trust partners" and a team of trust consultants who help choose a trust structure. RBC and the financial advisor may receive compensation for referring these services.⁴

RBC's paperless-delivery rules list "Trust account: Trustee" as the person who makes a trust account's paperless elections.⁵

Trust accounts with a taxpayer identification number (TIN) are exempt from the $140 Standard Account fee.⁶

Professional trustee services RBC clients can select⁷

Professional trustee services RBC clients can select; a subsidiary of City National Bank⁷

Professional trustee services RBC clients can select; RBC Capital Markets, LLC holds a minority interest⁷