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Millennial Money Canada
Guillaume Girard & Sam Lichtman
29 episodes
1 week ago
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Investing
Business
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Investing
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Ep.024: Family Trust, Holding Co & Succession Planning with Amanda Doucette
Millennial Money Canada
1 hour 2 minutes 2 seconds
3 months ago
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 MediaPodcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcastSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’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
Millennial Money Canada