Estate Planning 101 with the "Tax Chick" Amanda Doucette

beyond MD with Dr. Yatin Chadha

In this episode I host Amanda Doucette, TEP. Amanda is a tax lawyer & founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning.
Discussion points:
- when to start estate planning (8;35)
- essential documents (11:12)
- durable vs springing power of attorney (14:05)
- POA: who to choose, including trust companies (16:00)
- summary of wills (18:45)
- what happens if you pass away without a will (21:16)
- what is probate? (23:19)
- pros/cons of joint ownership (28:44)
- beneficiary designations (32:47)
- choosing an executor (36:36)
- executor liability insurance (38:55)
- basic overview of tax considerations (40:39)
- RRSP: what happens (44:42)
- life insurance: what happens (45:39)
- preferential assets? (46:55)
- tips on communicating with your family (49:24)
- DIY estate planning vs getting professional help (51:14)
- questions to ask an estate lawyer (55:31)
Links to Amanda's work

• Tax Chick podcast - https://podcasts.apple.com/ca/podcast/the-tax-chick-podcast/id1525089244
• The Tax Chick Blog - https://taxchickca.wordpress.com;
• Connect with me by email: [e-mail]
• LinkedIn: https://www.linkedin.com/in/amandasadoucette
• Instagram: @tax.chick
• Sign up for my Newsletter, "Musings of a Tax Chick": http://eepurl.com/hNbXcb

Resources discussed in the episode:

• WillPower: https://www.willpower.ca/
• Public Legal Education Association of Saskatchewan: https://www.plea.org/