Estate & Tax Planning

At Quinn Stauffer Financial, we design comprehensive estate and

tax solutions designed to maximize estate transfers and tax-efficiency.

Quinn Stauffer Financial can help.

Everyone has a unique goal for their estate, from planning for their children and grandchildren to leaving a legacy in their community. At Quinn Stauffer Financial, we listen closely so that we can understand what’s important to you.

No matter your net worth, it’s important to have a basic estate plan in place.

Such a plan ensures that your family and financial goals are met after you die. An estate plan has several elements; including a will, assignment of power of attorney, and a living will or health-care proxy (medical power of attorney). For some people, a trust may also make sense. When putting together a plan, you must be mindful of both federal and state laws governing estates.

Taking inventory of your assets is a good place to start.

Your assets include your investments, retirement savings, insurance policies, and real estate or business interests. Ask yourself three questions:

  1. Whom do you want to inherit your assets?
  2. Whom do you want handling your financial affairs if you are ever incapacitated?
  3. Whom do you want making medical decisions for you if you become unable to make them for yourself?

Everybody needs a will.

estate A will tells the world exactly where you want your assets distributed when you die. It’s also the best place to name guardians for your children. Dying without a will — also known as dying “intestate” — can be costly to your heirs and leaves you no say over who gets your assets. Even if you have a trust, you still need a will to take care of any holdings outside of that trust when you die.

The impact of taxation and tax sensitivity management is an additional focus of discussion.

If stock options are held, the vesting schedule and plan to exercise is reviewed. For business owners, proper business succession planning is discussed and evaluated. Incapacity planning addresses the presence of a durable power of attorney and/or successor trustee of a revocable living trust.

Also discussed could be gifting strategies to children and descendants, including UTMAs, Section 529 prepayment of tuition and college savings plans, and other gifts such as family limited partnerships or Grantor Retained Annuity Trusts.

Helping you take advantage of philanthropy’s tax advantages.

Quinn Stauffer Financial knows how to help you establish a giving program in a way that reflects best on your financial situation. We can introduce you to the benefits of Private or Community Foundations, Charitable Remainder Trusts, Charitable Lead Trusts, Donor-Advised Funds or Gift Annuities. Our objective here is to use comprehensive and prudent strategies to help you reach your philanthropic goal, regardless of whether you choose to donate now, or as a legacy. We’ll show you how to make optimal use of your resources in a tax-efficient way to increase the impact of your philanthropic aspirations.

Tax planning takes into consideration the tax implications for individual, investment or business decisions. The general goal here is to minimize tax liability. While decisions are rarely made only on the basis of tax impact, applying a working knowledge of income or estate tax issues is important in the decision-making process.