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SEPTEMBER 2022
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I’m the World’s Luckiest Grandson! Meet My Wonderful Grandmothers
After my son, Quentin, was born, one of the first things I did was put him on the list for Green Bay Packers season tickets. He’ll be lucky if he ever gets them — the seats are very, very competitive! But signing him up felt right. Thanks to my Grandma Ellen, it’s practically a family tradition. Grandma Ellen has had season tickets for the Packers since the 1950s, before they even played at Lambeau Field. She went to every game well into her 80s. Today she’s 99 years old, so climbing the stands is a little too much for her, but she still watches her beloved team on TV. Grandma Ellen taught me the proper way to be a Cheesehead, but that was far from her only lesson! Growing up, she and my late Grandpa Dane owned a successful floral business, and I spent many days helping around the greenhouse and getting into mischief with my brothers. Grandma kept us in line and always commanded respect. Before running the floral business, she trained as a nurse and was very involved in the community. She served on the board of our town’s Water and Light District for my entire childhood and was also a board member for a local cemetery. Watching her hustle taught me the value of hard work, pursuing your passions, standing up for yourself, and helping others where you live. I knew that when I
grew up, I wanted to be someone worthy of respect, just like her.
I got lucky in the grandmother department not once but twice! My Grandma Faith was also a huge role model and inspiration for me as a child. She and my Grandpa Beauf have both passed away now, but as a kid, I spent a lot of time at her house while my parents were working. Grandma Faith was a caring, nurturing, soft-spoken woman. She taught me how to play solitaire on long summer afternoons and baked absolutely delicious donuts. (Thank goodness she passed the recipe on to my cousin. They aren’t lost forever!)
the prettier songbirds could roost. Where Grandma Ellen was bold, Grandma Faith was thoughtful. At her funeral, my sister-in-law put it best when she said, “Whenever you called Faith, she made you feel like the most important person in her life — like nobody else came close.” When Grandma Faith spoke to me, I knew she cared, and it made me feel incredibly nurtured. Even back then, I wanted to give other people that same feeling. Today, I strive to bring Grandma Faith’s empathy and compassion to every conversation I have with a client. I owe a lot to my grandmothers, and I can’t wait to see Quentin learn valuable lessons from his grandparents! My mom and dad are already reinforcing the core values that built our family, and Lucero’s parents are doing the same. Now, if Quentin can just get those Packers season tickets, everything will be perfect!
“When Grandma Faith spoke to me, I knew she cared, and it made me feel incredibly nurtured. Even back then, I wanted to give other people that same feeling.”
Like Grandma Ellen, Grandma Faith taught me the importance of working hard — not just for yourself, but also for others. She was so warm and grateful when I mowed her lawn or cleaned the sparrow nests out of her birdhouses so
Your favorite Cheesehead,
–Tyler Q. Dahl
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My name is Auggie, and I’m a 1-year-old golden retriever/Irish setter. I was born on a small farm in Oregon. My favorite pastimes are swimming in the river and working on my rock collection. I also love sticks and playing with other dog friends. I have a 5-month-old baby sister that I protect fiercely and cuddle with by trying to sit on her. If you’d like to follow along with my adventures, you can find me on Instagram @auggiethegoldenirish! Meet Auggie!
3 Ways to Reduce Your Taxes
By Adding Charitable Giving to Your Estate Plan
You are likely well aware of the tax benefits that come from donating to charity during your lifetime. But did you know that incorporating charitable giving into your estate plan can have similar perks? Here are three of the most popular ways to reap those rewards. LEAVE MONEY TO CHARITY IN YOUR WILL OR REVOCABLE LIVING TRUST Naming a charity as a beneficiary in your will or living trust can reduce the taxable value of your estate, thus reducing estate taxes for your heirs. That said, the current federal estate tax exemption is $11.7 million per person, so unless you are super wealthy, you won’t see any tax benefit — at least at the federal level. However, 17 states currently have estate taxes that kick in at lower exemption amounts. Individuals named as beneficiaries of your retirement account (IRA, 401(k), 403(b), etc.) have to pay income taxes on any distributions they receive, but since charities are tax-exempt, they receive the full amount of your retirement account assets. Additionally, you receive a tax deduction for the charitable contribution, which can offset estate taxes. Under recent changes to the SECURE Act, it may be more beneficial from a tax-saving perspective to leave your retirement assets to charity, while passing on your non-retirement assets to your loved ones. NAME A CHARITY AS THE BENEFICIARY OF YOUR RETIREMENT ACCOUNT SET UP A CHARITABLE REMAINDER TRUST (CRT) If you have highly appreciated assets like stock and real estate to sell, you can use a CRT to avoid income and estate taxes — all while creating a lifetime income stream for yourself or your family and supporting your favorite charity. CRTs are “split- interest” trusts, so the non-charitable beneficiary receives annual income from the trust, and whatever assets “remain” at the end of your lifetime (or a fixed period up to 20 years) pass to the named charity or charities. The methodology is complicated, but ultimately this strategy helps you avoid capital gains tax and produce income using the untaxed proceeds of the sales of your assets. Want to learn more? Meet with us to determine the best way to achieve your charitable objectives while maximizing your tax savings.
BRAIN
WORK
SOLUTION:
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Protect Your Business With a Buy-Sell Agreement It’s Never Too Early for an Exit Strategy!
will happen to the business in the event an owner leaves the company, dies, or becomes incapacitated. As you create your Buy-Sell Agreement, you need to consider all the ways you might potentially exit the business, then outline what will happen to your ownership interests in each of those scenarios. What happens if you decide to retire and sell your stake in the company? Will you be able to sell to an outside party, or must you first give your partner the option to buy you out? What if your partner gets divorced and their former spouse becomes an owner of your business? What if you have to declare bankruptcy? You should proactively address these potential conflicts and minimize any disruption to your company’s operation or profits.
is transferred should a triggering event occur, but it also spells out the methods that will be used to assess the value of the partner’s share and provide for where the funding for the purchase will come from. This can get tricky, but our team can help you determine the optimal method for valuing your business and document the specific terms and conditions for executing the valuation in your Buy-Sell Agreement. Given all of the different variables involved and the fact that the very survival of your business is at stake, you should never rely on generic do-it-yourself documents for your buy-sell agreement. Instead, consult with an experienced attorney to ensure these essential agreements are properly created and all of the possible contingencies are accounted for. Whether you need a new Buy-Sell Agreement created or want us to review an existing agreement, our team is here to help.
If you co-own a business, it’s crucial that you come up with a clear exit strategy now, before you encounter a problem! Indeed, the more thought you put into your exit plan today, the smoother things will be when one of you finally does move on. We recommend formally documenting your exit strategy with a Buy-Sell Agreement, which outlines exactly what
An effective Buy-Sell Agreement not only details how ownership of the company
Green Bean and Eggplant Stir-Fry
Scan the QR code for information on our Summer 2022 Promo!
Inspired by ThePlantBasedWok.com
In just 30 minutes, turn a pile of summer veggies into a Chinese-inspired dish.
Up to $500 off an Estate Plan!
Directions 1. In a large bowl, add the eggplant and coat with salt. Cover the eggplant with water and soak for 15 minutes. Drain and pat dry. 2. In a wok over medium heat, warm 2 tbsp of oil. Add the eggplant and fry for 4–5 minutes. Remove and set aside. 3. Add the remaining oil and green beans to the wok. Fry for 5 minutes, then remove and set aside. 4. Add garlic, ginger, and chili before stir-frying for 1 minute. Return the green beans and eggplant to the wok and add the soy sauce, vegan stir-fry sauce, and pepper. Toss to coat, then serve over rice!
Ingredients • 2 Chinese eggplants, cut into 1/4-inch strips • Salt, to taste • 3 tbsp vegetable oil, divided • 6 oz green beans, trimmed • 6 cloves garlic, minced • 1/2-inch piece of ginger, thinly sliced • 1 red chili pepper, thinly sliced • 2 tbsp soy sauce • 1 tbsp vegan stir-fry sauce (like Lee Kum Kee Vegetarian) • 1/8 tsp pepper
“If my mind can conceive it, if my heart can believe it, then I can achieve it.” - Muhammad Ali
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701 University Avenue, Suite 108, Sacramento, CA 95825 916-545-2790 tqdlaw.com
INSIDE What’s
2. 1. How to Raise a Grandson Right Meet Auggie!
Reduce Your Taxes With Smart Estate Planning
3.
Do You Have an Exit Strategy?
Green Bean and Eggplant Stir-Fry
4.
Enjoy the Adventure and Hunt
Get Outside With Geocaching Tracking Down Treasures
International Geocaching Day takes place on the third Saturday of the month of August. It’s a chance to experience an adventure-filled day that will get you out of the house and into nature. People of all ages gather to commemorate the placement and discovery of geocaches across the world, and there’s no telling what kind of surprise you might discover if you participate! WHAT IS GEOCACHING? Geocaching is basically a high-tech version of a treasure or scavenger hunt. It is inspired by the older treasure hunt called letterbox, where you plant clues in various locations that lead to the letterbox. For geocaching nowadays, you use a GPS to track down caches. These
are typically waterproof containers — and inside there is a logbook for you to sign. These caches can be filled with trinkets such as coins, pins, or even miniature figurines, but if you take anything, be sure that you replace it with something else. It doesn’t have to be anything expensive, just a token of sorts for someone else to discover. IT’S TIME TO GET STARTED. To begin your geocaching journey, first visit Geocaching.com and sign up for a new account. From this, you will be able to create a unique geocacher name that people in the geocache community can call you by! This will also come in handy when you sign the logbook.
You can also download the Geocaching app to your smartphone and use it as a GPS receiver. Once you open the map on your phone, it will show a map of your location with bubble icons to see all the geocaches near you. There will be an arrow icon that you can click on that will find the specific geocache you are searching for. It will then open a compass that shows you which direction to go in and how many feet you are away from the final location. This treasure hunt brings an entire community together from all around the world. It encourages people to challenge themselves and get outside. The act of hiding and finding a geocache is thrilling, and you never know what you might find next.
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