Episode Details

"Nothing is certain except death and taxes."

There are many misconceptions about what happens to your assets when you die.  There is also a lot of fear.  The best way to conquer fear is to face it head on! So join me and my special guests, Shruthi and Vivek - a lawyer and an accountant, who happen to also be married - as we break down what you need to know about death and taxes.  We discuss what tax has to be paid when you die (13:10), what documentation you need to gather if you are an executor of an estate (24:07), we break down what "probate" really is (25:03), and we talk about what you need to know if your estate will include assets from different countries (37:30).

If you have been appointed as an executor of an estate, and/or if you are starting to think about your own estate planning, check out this episode for some great foundational information!

RESOURCES DISCUSSED ON THE EPISODE

• IdeaCast Podcast (Harvard Business Review): https://hbr.org/2018/01/podcast-ideacast
• The Steam Room Podcast: https://podcasts.apple.com/us/podcast/the-steam-room/id1490924360
• Information on Probate in Saskatchewan: https://www.plea.org/death-estates/estate/letters-probate
• Information on Probate in Ontario:  https://www.attorneygeneral.jus.gov.on.ca/english/estates/how_to_apply_for_probate.php

MORE FROM SHRUTHI AND VIVEK

• Shruthi: https://www.linkedin.com/in/shruthi-raman-16066b19/
• Vivek: https://www.linkedin.com/in/vivek-swaminathan-95a04118/ 

MORE FROM AMANDA

• The Tax Chick Blog - https://taxchickca.wordpress.com;
• Connect with me by email: thetaxchickpodcast@gmail.com
• LinkedIn: www.linkedin.com/in/amandasadoucette 
• Instagram: @tax.chick