Ep.024: Family Trust, Holding Co & Succession Planning with Amanda Doucette

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

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