Mike Check 1,2,1,2

Do you have 1 will? Have you ever heard about having 2 wills?

Sarah Mumtaz of Sarah Mumtaz Law Offices explains what a secondary will is, who may need it, and the benefits it can bring to yourself, your family and your company.

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

www.sarahmumtazlaw.com

www.michaeldutra.ca

#wills #contract #law #lifeinsurance #insurance #estateplanning #businessowner #wealth #finance

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Are you a business owner wondering how insurance and taxes can impact your financial security? In this episode, we talk to our financial expert, Michael Dutra, who shares his insights and advice on navigating these complex topics.

Michael discusses various types of insurance, including tax-exempt whole life insurance policies, and how they can be beneficial for growing businesses. He also explains the importance of properly coordinating professionals, such as lawyers and bankers, during business transitions to ensure strategic discussions and challenges.

Additionally, Michael emphasizes the significance of planning ahead to avoid unnecessary taxes and shares tips, such as utilizing an estate freeze and investing in life insurance, to do so. He also discusses several strategies which has saved his clients millions of dollars in taxes over the years.

If you're looking for expert advice on insurance and taxes for your business, this episode is a must-watch. Contact Michael directly for more information and insights on optimizing your financial strategies.

www.michaeldutra.ca

Contact information:

Connect with Purdeep on LinkedIn

https://www.linkedin.com/in/purdeepsangha

To join his VIP list and get further FREE insight, go to www.PurdeepVIP.com

What is a marriage contract?

Who needs a marriage contract?

What are the benefits of a marriage contract?

All of these questions and much more are answered in this video.

Demetre Vasilounis, Associate from Fasken Martineau DuMoulin LLP, shares his expertise on the subject.

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#marriage #contract #law #lifeinsurance #insurance #estateplanning #businessowner #wealth #finance

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

This podcast explains what happens, how you should handle it and some important items to consider from a client and advisor perspective.

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

You can rely on a traditional mortgage, private lending, cash or using your life insurance policy.

This video explains how you can use a tax-exempt whole life insurance policy to finance your next real estate transaction.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#realestate #lifeinsurance #insurance #debt #debtfree #business #businessowner #wealth #finance #realestate

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

It is creditor insurance and your family is not the beneficiary.

In this video, I discuss the major risks of creditor insurance and I explain what is the only way you should be insuring your mortgage debt.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#mortgage #creditor #lifeinsurance #insurance #debt #debtfree #business #businessowner #wealth #finance #realestate

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Most people with real estate portfolios track the fair market value of each property and the purchase price.

There is a third, very important calculation you need to consider.

How much are your capital gains taxes going to be when you pass these properties down to your children?

In this podcast, I explain how to calculate the capital gains taxes, and most imporantly, how to pay for these taxes in a very efficient manner.

Spotify: https://open.spotify.com/show/624XIhn

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Can you self-insure and should you self-insure...two very different questions.

Many families can self-insure. They have the wealth, assets and resources to financially protect themselves, their family and their corporation if they passed away.

But, that does not necessarily mean they should self-insure.

This video explains the difference between the two questions and highlights the risks of self-insuring.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner #wealth #finance

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Are you a self-investor?

Do you need life insurance but prefer to keep your money for your own investments instead of paying large insurance premiums?

This is a strategy that allows you to get the life insurance you need, but keep your money for your own investments.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Despite the health issues you've had, there may be a strategy to get yourself on a life insurance policy with your spouse.

Learn about the benefits that a joint life insurance policy can offer you and your family.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner

Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction.