RBC Royal Trust President & CEO on the Cost of Caregiving for Aging Parents

Caregiving for aging parents, especially the ones who become ill unexpectedly, isn’t something we consider in advance, while everyone is healthy. Yet it is a significant component that can have major personal finance consequences at the individual level. And while this is by no means exclusively a women’s issue, there’s no denying that women are disproportionately affected by the impact of both caregiving and receiving, financially and otherwise, as we age. In this episode, Sofiia is joined by the President and CEO of RBC Royal Trust, Leanne Kaufman, for a conversation on the cost of caregiving and how you can start chats with your parents about their estate plan and planning for caregiving needs. Leanne shares a multitude of incredible stats and tips that she brings from her professional expertise. Key takeaways: 00:00 What we’re chatting about today 01:35 Get to know Leanne 02:42 What RBC Royal Trust does 03:58 What Leanne’s day-to-day looks like as a President & CEO