Podcast Discussion on Tax Estate Planning
Podcast Discussion on Tax Estate Planning - the importance of collaboration amongst advisors.
This episode was recorded LIVE in Banff, Alberta at the CPA Small Practitioner's Forum! My special guest and I are talking all about what estate planning means to us - and how completing your "estate plan" is about more than just the three-legged stool (the will, the power of attorney, and the health care directive). Estate planning is a lifelong process - your plan will evolve over time!
In the first part of this series, please join us for a discussion on... (1) What is estate planning? and (2) Estate Freezes; and (3) Trusts. And of course, you will also find out Jos' favorite podcast and her favorite emoji (hint: it involves a hoodie... a.k.a. "bunnyhug" in Saskatchewanian).
This episode is not just for advisors... if you are a business owner and have ever heard about "estate freezes" or "trusts", this episode is for you too! We chat about how these tools are used, and some key things to keep in mind when utilizing them as part of your estate plan. We also chat about what "probate" is, what information can be found on a public court file, and the impact of having entrepreneurial beneficiaries.
In the second part of this series, please join us for a discussion on... (1) Shareholders' Agreements, (2) Corporate-owned life insurance, and (3) Hot topics. What are the "hot topics"? Well, we chat about how estate planning is about more than just the immediate client that is in front of you - it is also relevant to know about family dynamics! In addition, we chat about the importance of documenting intention when providing a gift in lifetime - and the sticky issues that can arise when a child is added onto a bank account or legal title to property. Towards the end of the episode, we share a portion of the rapid fire question and answer period of our presentation - thank you to participants for your engagement!
The CPA Small Practitioners’ Forum was created to offer an inviting, semi-causal, and easygoing professional development weekend that provides substantial professional development value to small practitioners. All profit earned by the CPA Small Practitioners’ Forum is donated to the Alberta CPA Education Foundation, so you are helping young people in Canada get scholarships for university. All these courses are reviewed by the delegates at the Forum in Banff annually so we have a great lineup that is adjusted every year to keep things relevant to small practitioners. If you work at a public accounting firm in Canada with employees of 1-50 people, you are our target demographic and you should find this course useful.
The Tax Chick
Amanda Doucette is a problem solver who loves showcasing the human side of professional careers. In her day job she is a lawyer, helping her clients navigate the complex world of tax and assisting business owners with wealth transition. Her passion is helping people navigate problems that seem insurmountable. She wants to empower her clients so they feel in control of their business and decision-making. In 2020, Amanda launched The Tax Chick Blog and The Tax Chick Podcast, each aimed at educating audiences about tax and estate planning issues. Both the blog and podcast allow her to take part in curious conversations and learn new things while educating others. Amanda has been selected by peers as a leading practitioner in the 2021 and 2022 edition of The Canadian Legal Lexpert ® (Estate and Personal Tax Planning) and was the winner of The Lawyers Monthly Women in Law 2021 Award in recognition of her outstanding legal expertise and contribution to the area of tax litigation.
Director of Financial Planning & Analysis | Resources & Solutions Professional Corporation
Jos has been instrumental in providing wealth, tax and estate planning for her clients. Her breadth of industry knowledge and wealth planning solutions has been a valuable asset to clients, CPAs, legal professionals, and advisors. She partners with practitioners to create a team of professionals centred around the client. Jos is a proud member of the: Canadian Association of Gift Planners Canadian Tax Foundation Entrepreneurial CPAs of Calgary Estate Planning Council of Canada CALU Financial Planning (FP) of Canada Step Canada She is a well sought out speaker and industry professional that is able to address succession planning, asset protection, philanthropy, and explain the tools of the trade required in designing a Wealth Accumulation and Protection Plan for clients.
