Death and Taxes (with Shruthi Raman and Vivek Swaminathan)

There are many misconceptions about what happens when you die. There is also a lot of fear. Join me and my special guests Shruthi and Vivek, as we discuss the fundamentals of taxation on death.

"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/ 
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