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About Us
Our Credo
Mission
Approach
Rationale
Key Staff Members & Affiliates
After years of providing CPA services to attorneys administering estates,
we realized that they did not have adequate access to the professional resources
necessary to process estates efficiently. Many avoidable errors were made by
well-meaning professionals who lacked important skills of other disciplines.
We realized that no single professional discipline could best meet the
complicated needs of estate administration.
For example, attorneys, currently doing most estate administration work
due to their central role, often prepare taxes and do the accounting; however,
their practice discipline isn't in preparing taxes and doing accounting.
The accountants/CPAs, who understand taxes and accounting better than attorneys
cannot give legal advice. Neither attorneys nor the accountants/CPAs understand
the art of creating and preserving wealth as well as financial professionals,
the group least involved in the process.
Each discipline needs the others to address most effectively the many
disparate concerns estate administration raises. Furthermore, this area
is becoming more not less complicated with each tax “simplification”.
OUR CREDO
TO LIVE UP TO THE INTELLECTUAL & PROFESSIONAL DEMANDS OF OUR PROFESSION.
TO CONDUCT OURSELVES AT ALL TIMES WITH HONESTY AND PROFESSIONALISM.
TO TREAT OUR CLIENT'S NEEDS AS IF THEY WERE OUR OWN.
TO HANDLE OUR CLIENT'S ESTATES WITH CARE AND RESPECT.
TO MAINTAIN CONFIDENTIALITY IN ALL OUR DEALINGS.
TO MAINTAIN OUR INTEGRITY AT ALL TIMES.
OUR MISSION
To work with attorneys, financial professionals and
accountants/CPAs in order to provide beneficiaries with integrated
estate admininstration services to achieve the most effective realization of their goals
in wealth transfer and tax minimization.
OUR APPROACH
We bring together these professionals:
- A proven tax strategist to minimize present and future income and estate taxes;
- Competent legal counsel to advise on legal issues and prepare legal documents, and;
- A seasoned financial professional to assist beneficiaries in distributions and
planning for future generations.
Our experience indicates that the best estate administration results are
achieved when all three core areas of expertise are integrated to represent
the interests of the beneficiaries. Limited by statute to nine-months for
settling the estate, Estate Admin Associates, LLC creates an arena where professionals
work together in a unified, synchronized manner, yet retain independence in their
own areas of expertise.
RATIONALE
This approach bolsters three areas of weakness created by
traditional methods of estate administration: unrecognized tax problems,
runaway legal costs, and unjustified financial service charges. Major tax
leakage problems, often encountered by the beneficiaries years after the process,
can be avoided. Administrative legal costs that are higher than necessary
can be controlled. Commission-driven financial sales can be checked for
appropriateness by the other independent parties. Our unique approach brings
the best professionals together, creating a natural system of checks and balances
to protect the interests of the beneficiaries and the estate.
- A proven tax strategist to minimize present and future income
and estate taxes;
- Competent legal counsel to advise on legal issues and prepare legal documents,
and;
- A seasoned financial professional to assist beneficiaries in distributions and planning for
future generations.
These three
core areas of
expertise had to be
integrated together in order to ensure that our clients received
optimally coordinated tax, estate and financial planning strategies.
In addition, this approach mends three areas of weakness
created by traditional methods of estate administration:
(1) it plugs a major tax leakage problem often
encountered by the beneficiaries years after the process; (2) it brings runaway administrative legal costs
under reasonable control, and; (3) commission-driven financial sales
that served the planner better than the
beneficiaries or the estate can now be checked by the other independent parties.
Estate Admin Associates, LLC creates
an arena
where the three professions can work together in a
unified and synchronized manner, yet retain
independence over their own areas of expertise. In addition, a natural system of checks-and-balances is created
to protect
the
interests of the beneficiaries and the estate.
Key Staff Members & Affiliates
(Return)
Stratis Voutsas, CPA
Chief Tax Strategist
Mr. Voutsas attended undergraduate business studies at the University
of Denver, in Denver, Colorado. In 1985 he entered the University of Denver MBA program concentrating in
accounting and tax. He was also granted a special exception to attended selected tax courses at the school’s
Graduate Tax Program (usually only open to law graduates).
In 1991 he passed the uniform CPA examination.
Since becoming a CPA, Stratis Voutsas has operated a tax, consulting and software development practice.
He is known for his unique ability to think out of the box and come up with creative solutions for tax
and consulting clients. He has studied various Estate Administration cases and has noted that traditionally
the process is highly tax inefficient. He often comments that in almost every EA case reviewed money is left
on the table.
Since 1994 Mr. Voutsas has been frequently engaged to speak on selected topics regarding the US tax system
and government-contracting environment to Chinese government and business leaders. He has presented to the
following organizations: Ministry of Finance; China Space Aerospace Administration; Shenzhen Construction
Bank; Science & Technology Auditing Bureau; Ministry of Science & Technology.
His consulting practice concentrates in systems data integration solutions, providing clientele with improved
efficiency, better information and a lower process cost. Mr. Voutsas has developed proprietary software that
delivers valuable information with specific emphasis in activity based costing and multi-variant overhead rate
calculation techniques and methodologies for government contractors. The consulting practice has delivered
solutions for the Department of Defense, the private sector, and not-for-profit organizations.
Noted Work in Estate Administration: Judicial Testimonial
The high profile bankruptcy estate case presented below involved the last on air TV license for the
Washington DC Metro area with a potential 2% national audience. Mr. Voutsas administered the Estate and
also designed the reorganization plan.
Judge Mitchell, of the United States Bankruptcy Court for the Eastern District of Virginia made the following
finding regarding Mr. Voutsas:
"Mr. Voutsas' services were necessary and benefited the estate...quite frankly, without his testimony,
I don't believe I could ever have made a finding that the Debtors plan was feasible and, without his testimony,
the objection filed by Home Shopping Network and Silver King Broadcasting would probably have been sustained.
And what would have resulted would have been the confirmation of the Creditor's Committee’s plan."
(Dec 5, 1996)
Other Noted Accomplishments:
In 2000 an national CPA firm and a national consulting firm failed in their efforts to calculate certain
circuit operating costs for the Defense Information Systems Agency. Late in 2000, Mr. Voutsas was engaged
to take a shot at it. He personally took charge of the effort, and by applying forensic and data integration
skills he was able to deliver worldwide circuit operating costs, including cost breakdowns for various
regions around the world and for different levels of clientele.
In 1989, he negotiated the first ever public/private affordable-housing cooperation agreement with Arlington
County, Virginia.
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