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beyond MD with Dr. Yatin Chadha
beyond MD bridges the gap between medical training and financial literacy.
Led by mid-career Canadian radiologist, Yatin Chadha, beyond MD empowers practicing physicians, medical trainees, and other professionals to build confidence and clarity around money.
Episodes feature interviews with subject experts to help listeners gain knowledge around topics like professional corporations, investing, insurance, pensions, real estate, trusts, and estate planning.
Yatin also frequently interviews his own colleagues to shed light on valuable life and money lessons learned over time.
Tune in to beyond MD (episodes are bi-weekly) to build your financial acumen and live your best life today.
beyond MD with Dr. Yatin Chadha
Dissecting Trusts with Jamie Golombek
Jamie Golombek is back!!! This time to discuss a frequently requested topic: TRUSTS
Outline:
Jamie's background (1:48)
Basic overview of trusts (3:15)
Big picture: why would one want to open a trust? (6:12)
Trusts nitty gritty (contributions, assets, taxes, corporate transfers) (7:45)
Income splitting using a trust (11:09)
Tax implications for trust income (14:45)
Investment strategies for a trust (15:47)
Deferral of capital gains (16:42)
Estate freeze - mechanics & role of a trust (17:50)
Other trusts: alter ego, joint partner, foreign inheritance (20:35)
A few notes on charitable gifting (24:45)
The current landscape in advanced tax planning (26:46)
Who benefits from a trust, how much $$ do you need? (28:56)
Parting words, advice for 2023 (30:03)
Jamie's article on trusts: https://www.jamiegolombek.com/media/in-trusts-we-trust-en.pdf
YouTube Videos for this Episode:
https://www.youtube.com/watch?v=y14V8TFUOwU&t=28s
https://www.youtube.com/watch?v=yT9gw7ZgB7s&t=10s
My links:
https://www.linkedin.com/in/yatin-chadha-29074b109/