Mike Check 1,2,1,2

2024 Federal Budget: Capital Gains Tax increase for individuals. The 2024 Federal Budget proposes to increase Capital Gains Tax for personal assets from 50% to 66% (2/3) on capital gains of $250,000 and more. For capital gains taxes under $250,000, the current 50% tax on capital gains remains the same. In this video, I provide examples of how much these additional taxes may be for you and provide solutions to pay for this tax bill. 0:00 Introduction 0:39 Example 4:55 Solution Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

2024 Federal Budget: Capital Gains Tax increase for business owners. The 2024 Federal Budget proposes to increase Capital Gains Tax for business owners from 50% to 66% (2/3). In this video, I provide examples of how much these additional taxes may be for you and provide solutions to pay for this tax bill. 0:00 Introduction 0:39 Example 4:55 Solution Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Key Man coverage for Business Partners. One of the most stressful financial situations you can ever face is the premature passing of one of your business partners. How are you going to buy out their shares? I explain the worst and best ways to buy your partner out and protect everyone's shares. 0:00 Introduction 0:30 $10,000,000 valuation 1:08 Solution 2:32 Capital Dividend Account Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Should you have a holding company? 0:30 Corporate tax rates 1:00 Lifetime Capital Gains Exemption 2:25 Hold co 2:48 Assets in hold co Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

The value of Bitcoin has dramatically increased this year. If you hodl Bitcoin, how much are your taxes going to be? 0:39 How much tax? 3:08 Future taxes 4:00 Solutions Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #bitcoin #crypto #cryptocurrency #cryptonews #business #consulting #corporation #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Did you know you can insure your net corporate income? Depending on several factors such as age, occupation, and net corporate income, you can be eligible to receive up to $300,000/year in tax-free payments if you become injured or sick and cannot work. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Would you pick Job A or Job B? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Do you know what a tax-free capital dividend is?

If you have a credit to your capital dividend account, you can pay tax-free capital dividends out of your corporation.

In this video, I explain how you can credit your corporation's capital dividend account, allowing for tax-free capital dividends to be paid.

0:00 What are capital dividends?

1:26 Real estate example

3:05 Life insurance example

6:20 Whole life insurance example

Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

Anchor: https://anchor.fm/michael-dutra

www.michaeldutra.ca

https://www.linkedin.com/in/michaeldutra

#business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance

Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Will you qualify for the $1,016,836 lifetime capital gains exemption (LCGE)? The CRA has very strict guidelines on qualifying. It's a very costly mistake to make if you are offside. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

I break down how my corporately owned life insurance policy will allow tax-free capital dividends to be paid out of my corporation. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #business #parent #kids #children #family #taxes #lifeinsurance #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

I saved $78,278 in premiums on my $3,000,000 life insurance policy because I'm in good health, here's how I did it... 0:00 Overview of video 2:22 What medical tests did they do on me? 3:10 I saved $78,278 in premiums 4:20 My message for you Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

I've had 4 prospects die while discussing their life insurance. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

In 14 years, unfortunately, 4 of my clients died. 0:00 Overview of video 1:00 Did John have enough life insurance? 2:05 Do you have house insurance? 4:40 Choosing your life insurance advisor Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Buying life insurance can be an emotional rollercoaster. No one likes talking about dying, but sometimes you have to. There are two main categories of people when it comes to buying life insurance. Which category are you in? 0:00 Overview of video 0:30 Two types of people 2:05 The roller coaster approach 3:30 The turning point 4:58 Making incremental progress Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

You don't automatically qualify for life insurance. In fact, many people can't get life insurance because of health issues. Life insurance is a privilege and in this video, I share some tips about applying for life insurance. 0:00 Overview of video 3:15 I've had 4 clients die 4:30 You can't buy your way to life insurance 5:25 Doing blood work 7:44 Making your case 8:50 Reducing your premiums Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #father #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

You and I have little ones relying on us. Don't forget, it's health AND wealth, not health OR wealth. You need to protect both. 0:00 Overview of video 0:25 Health & wealth 1:30 Seeing your doctor 2:48 Having a heart attack 4:45 Protect your income 5:37 What if you die? 5:57 Should you self-insure? 7:32 How to apply for life insurance Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug

https://www.linkedin.com/in/michaeldutra #father #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

Wealth is nearly impossible to enjoy if you aren't in good health, and if you aren't in good health, it's nearly impossible to accumulate wealth. The two are completely intertwined. What is your game plan to elevate your health & wealth in 2024? 0:00 Overview of video 0:45 72 Hour fast 1:40 Working out 3:10 Alcohol at a lunch meeting 4:00 Wealth protection Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #health #healthy #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.

How did 2023 go?

Did you accomplish your health & wealth goals? Did you get halfway through some? Did you push some off for 2024? Here's a breakdown of some of the most common goals I talked about with my friends, family, and clients. 0:00 Overview of video 0:38 Your will 2:08 Your life insurance 3:04 Your health Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #health #healthy #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

In 2 months, my son will be born. One thing I will be doing for him financially speaking, is buying a Whole Life Insurance policy on him. I thought it would be a good idea, parent to parent, to explain why I am doing this and what the benefits will be for my child and potentially yours. 0:00 Overview of video 0:50 My main reason 1:26 Features of a whole life policy 2:57 How much does it cost? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #kids #children #family #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Dividends and salary are the trwo common ways most business owners think of when it comes to taking money out of their corporation.

There is a 3rd, very tax-efficient way, to create tax-efficient income for yourself and it involves a corporately-owned whole life insurance policy. 0:00 Overview of video 1:00 Business owner example 1:44 Features of a whole life policy 5:30 Tax-efficient income 8:20 Tax-free money out of your corporation Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Is there a hidden tax bill within your assets? Can you pass down your properties to your children without any tax implications? What about passing down your company, stock portfolio, or crypto portfolio? All this and more is answered in this video. 0:00 Overview of video 0:45 What happens at death? 1:35 Net worth vs Estate worth Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Should you pay for your life insurance policy corporately or personally? Which way saves you money? Which way can cost you greatly? All this and more is answered in this video. 0:00 Overview of video 0:15 Corporate tax rates 0:35 Personal tax rates 0:58 Comparing both options 1:56 $79,000 in savings Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

How much life insurance can $1,000,000 buy you? Why would someone need this much? What are the living benefits of a whole life policy? All this and more is answered in this video. 0:00 Overview of video 0:40 How much insurance can you get? 1:50 How long do you pay for? 3:40 Corporately-paid for 5:20 Tax-free transfer out of corporation 6:56 Living benefits of this policy 10:12 Payment flexibility Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Can you be too young for life insurance? Why would someone in their 20s even get life insurance? All this and more is answered in this video. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Can you be too old for life insurance? Is it too expensive? What if you've had health issues? All this and more is answered in this video. 0:00 Overview of video 0:29 What question should you ask yourself? 1:00 Your window of opportunity 2:28 Is it too expensive? 2:48 The point of life insurance 4:00 Health issues Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Learn how you can pay your taxes with your life insurance policy. In this podcast, I discuss using your life insurance policy to pay for your personal & corporate income taxes, capital gains taxes, and taxes owed in your estate. 0:00 Overview of video 2:00 Personal and Corporate taxes 3:00 Capital gains tax 4:28 Estate taxes 6:30 How life insurance works Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra#taxes #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

What are your biggest cyber risks as a company? What is your cyber credit score? What is your daily cyber hygiene? All of this and more is discussed in this interview with the founder and CEO of Iceberg Cyber and Thecyberscore.com, Michael Bakaic. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.thecyberscore.com https://www.linkedin.com/in/michael-bakaic www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #cyber #cybersecurity #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

A fit bit for plants! Never over water or under water your plants again! Hear from the Founder & CEO of EarthOne - Sid Pereira. From fine potting soil to sphagnum moss, EarthOne’s soil moisture sensor reliably and accurately produces moisture readings over time.

No matter the plant, its got your back. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra https://earthone.io https://www.linkedin.com/in/sidhanthpereira www.michaeldutra.ca #plants #plant #water #business #businessowner #corporation #entrepreneur #entrepreneurship Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

This video breaks down Whole Life Insurance and discusses the death benefit, the cash value, and how to use this insurance during your lifetime for tax-efficient income & capital. 0:00 What is whole life insurance? 1:45 Permanent life insurance 2:08 Cash value 4:12 Borrowing against your policy 5:30 Leveraging your policy for personal use Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca

https://www.linkedin.com/in/michaeldutra https://www.linkedin.com/in/michaeldutra#wholelifeinsurance #lifeinsurance #business #businessowner #corporation #taxes #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

What is Critical Illness Insurance? How much do you need? Who needs it? This short video answers all of these questions and more. 0:00 What is Critical Illness Insurance 0:22 What is covered? 1:21 How much do you need? 2:14 100% return of premium Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #criticalillness #heartattack #cancer #stroke #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Learn how you can receive a tax-free monthly income to the age of 65 if you become injured or sick and cannot work. 0:00 What is Disability Insurance? 0:15 Job A or Job B? 1:05 How much does it cost? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #disability #disabilityinsurance #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

What is Term Insurance? How much do you need? Who needs it? This short video answers all of these questions and more. 0:00 What is term insurance 1:00 Why would you need term insurance 2:30 How term insurance works 3:15 Term 20 3:40 Term 10 4:40 How much do you need? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #term #termlifeinsurance #lifeinsurance #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance #family Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

This episode explains the best and worst ways to buy out your business partners' shares if they suddenly passed away. This unfortunately happens more often than you may think. There is a very cost-effective solution to this massive problem, and in this short video, I explain how. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #businesspartnerships #partnership #business #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

If you need a large amount of life insurance, but do not want to be out of pocket large insurance premiums, this strategy may be for you. You can buy the life insurance you need, but get your money back right away, so you can continue to make your own investments. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #businessowner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance Disclaimer: These videos discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

If you have the majority of your wealth in your corporation, you need to consider strategies that will help you remove assets tax-free from your corporation when you pass away. Your Capital Dividend Account (CDA) can help you accomplish this. The advice discussed in this video can save you a significant amount of taxes and stress. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca #business owner #corporation #taxes #lifeinsurance #insurance #estateplanning #wealth #finance Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Do you have 1 will? Have you ever heard about having 2 wills? Sarah Mumtaz of Sarah Mumtaz Law Offices explains what a secondary will is, who may need it, and the benefits it can bring to yourself, your family and your company. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.sarahmumtazlaw.com www.michaeldutra.ca #wills #contract #law #lifeinsurance #insurance #estateplanning #businessowner #wealth #finance Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

What is a marriage contract?

Who needs a marriage contract?

What are the benefits of a marriage contract? All of these questions and much more are answered in this video. Demetre Vasilounis, Associate from Fasken Martineau DuMoulin LLP, shares his expertise on the subject. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#marriage #contract #law #lifeinsurance #insurance #estateplanning #businessowner #wealth #finance Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

The day is inevitable, a client will pass away. This podcast explains what happens, how you should handle it and some important items to consider from a client and advisor perspective. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

There are many ways to finance a real estate transaction. You can rely on a traditional mortgage, private lending, cash or using your life insurance policy. This video explains how you can use a tax-exempt whole life insurance policy to finance your next real estate transaction. Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#realestate #lifeinsurance #insurance #debt #debtfree #business #businessowner #wealth #finance #realestate Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Let's start off by saying 'mortgage' insurance does not exist! It is creditor insurance and your family is not the beneficiary. In this video, I discuss the major risks of creditor insurance and I explain what is the only way you should be insuring your mortgage debt. Spotify: https://open.spotify.com/show/624XIhn YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#mortgage #creditor #lifeinsurance #insurance #debt #debtfree #business #businessowner #wealth #finance #realestate Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Most people with real estate portfolios track the fair market value of each property and the purchase price. There is a third, very important calculation you need to consider. How much are your capital gains taxes going to be when you pass these properties down to your children? In this podcast, I explain how to calculate the capital gains taxes, and most imporantly, how to pay for these taxes in a very efficient manner. Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra

#lifeinsurance #insurance #business #businessowner #wealth #finance #capitalgainstaxsolutions #realestate Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Can you self-insure and should you self-insure...two very different questions. Many families can self-insure. They have the wealth, assets and resources to financially protect themselves, their family and their corporation if they passed away. But, that does not necessarily mean they should self-insure. This video explains the difference between the two questions and highlights the risks of self-insuring. Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner #wealth #finance Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Are you a self-investor? Do you need life insurance but prefer to keep your money for your own investments instead of paying large insurance premiums? This is a strategy that allows you to get the life insurance you need, but keep your money for your own investments.

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction. Financial Underwriting may be required for this strategy.

Despite the health issues you've had, there may be a strategy to get yourself on a life insurance policy with your spouse. Learn about the benefits that a joint life insurance policy can offer you and your family. Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra#lifeinsurance #insurance #business #businessowner Disclaimer: These podcasts discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction.

Your net worth is simple to calculate. It's your assets - liabilities = net worth.  

Your estate worth, factors in the taxes owed in your estate from these assets when you pass away and transfer these assets down to your children and grandchildren.  

Your estate worth can be significantly less than your net worth because of these taxes.  

There's 3 things you need to know:  

1) Which of your assets will be taxed when you pass away 

2) How much the tax bill will be 

3) Most importantly, how are you going to pay these taxes in a cost-effective manner.  

There are some very ineffective ways to pay for these taxes and some very effective ways to pay.  In this video, I talk about everything above and give you some advice on what not to do, and most importantly, what to do.  

Spotify: https://open.spotify.com/show/624XIhn

YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Disclaimer: These articles discuss strategies, concepts, illustrations & more. Personal details need to be obtained and a thorough review of all concepts before implementing any of them. Please consult the appropriate professional(s) including but not limited to insurance, tax and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before implementing any transaction.