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Ep.024: Family Trust, Holding Co & Succession Planning with Amanda Doucette
Summary
In this episode of the Millennial Money Canada podcast, host Guillaume Girard speaks with Amanda Doucette, a tax lawyer specializing in estate and succession planning. They discuss Amanda's journey into tax law, the importance of continuous learning, and the complexities of tax strategies for business owners. Amanda emphasizes the need for financial awareness, the common mistakes made in tax planning, and the role of family trusts in estate planning. The conversation also touches on the importance of advocacy in tax law and the need for effective communication in family dynamics regarding financial matters.
Topics Covered in this Episode
00:00 The Journey to Tax Law
04:40 Evolving Clientele and Complexities
07:40 The Importance of Continuous Learning
10:52 Approaches to Tax Law
13:42 The Motivation Behind the Tax Check Podcast
16:42 Common Mistakes of Business Owners
19:30 Understanding Financial Numbers
22:50 Transitioning from Sole Proprietorship to Corporation
25:39 The Role of Advisors in Business Growth
28:43 Planning for Future Success
31:47 Estate Planning and Succession Strategies
34:15 Navigating Estate Planning and Tax Changes
38:59 Understanding Family Trusts and Their Implications
46:28 Flexibility in Estate Planning: Balancing Goals and Tax
52:45 Common Pitfalls in Estate Planning Strategies
55:06 Advocacy in Tax Law: Empowering Clients and Communities
Amanda Doucette
Website: https://www.shtb-law.com/lawyers/amanda-s-a-doucette
LinkedIn: https://www.linkedin.com/in/amandasadoucette/
Instagram: https://www.instagram.com/tax.chick/?hl=en
Podcast: https://thetaxchickpodcast.transistor.fm/
Millen Wealth Advisors
Visit our Website: https://www.mwadvisors.ca/
Register for our Free Financial Planning Masterclass for Business Owners: https://event.webinarjam.com/channel/Financialmaster
Follow Sam and Guillaume on Social Media
Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast
Sam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=en
Sam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/
Guillaume’s Instagram: https://www.instagram.com/financialplannergui/
Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/
Keywords
Tax law, estate planning, succession planning, financial literacy, tax advocacy, business strategies, family trusts, tax mistakes, financial awareness, corporate structures
View all episodes
By Guillaume Girard & Sam LichtmanSummary
In this episode of the Millennial Money Canada podcast, host Guillaume Girard speaks with Amanda Doucette, a tax lawyer specializing in estate and succession planning. They discuss Amanda's journey into tax law, the importance of continuous learning, and the complexities of tax strategies for business owners. Amanda emphasizes the need for financial awareness, the common mistakes made in tax planning, and the role of family trusts in estate planning. The conversation also touches on the importance of advocacy in tax law and the need for effective communication in family dynamics regarding financial matters.
Topics Covered in this Episode
00:00 The Journey to Tax Law
04:40 Evolving Clientele and Complexities
07:40 The Importance of Continuous Learning
10:52 Approaches to Tax Law
13:42 The Motivation Behind the Tax Check Podcast
16:42 Common Mistakes of Business Owners
19:30 Understanding Financial Numbers
22:50 Transitioning from Sole Proprietorship to Corporation
25:39 The Role of Advisors in Business Growth
28:43 Planning for Future Success
31:47 Estate Planning and Succession Strategies
34:15 Navigating Estate Planning and Tax Changes
38:59 Understanding Family Trusts and Their Implications
46:28 Flexibility in Estate Planning: Balancing Goals and Tax
52:45 Common Pitfalls in Estate Planning Strategies
55:06 Advocacy in Tax Law: Empowering Clients and Communities
Amanda Doucette
Website: https://www.shtb-law.com/lawyers/amanda-s-a-doucette
LinkedIn: https://www.linkedin.com/in/amandasadoucette/
Instagram: https://www.instagram.com/tax.chick/?hl=en
Podcast: https://thetaxchickpodcast.transistor.fm/
Millen Wealth Advisors
Visit our Website: https://www.mwadvisors.ca/
Register for our Free Financial Planning Masterclass for Business Owners: https://event.webinarjam.com/channel/Financialmaster
Follow Sam and Guillaume on Social Media
Podcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcast
Sam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=en
Sam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/
Guillaume’s Instagram: https://www.instagram.com/financialplannergui/
Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/
Keywords
Tax law, estate planning, succession planning, financial literacy, tax advocacy, business strategies, family trusts, tax mistakes, financial awareness, corporate structures