Estate Tax Avoidance Attorney Based in Madison
Board Certified Estate Planning Law Specialist* Advising You
Krause Estate Planning & Elder Law Center was founded by Dan Krause, a former Army JAG Attorney who is committed to assisting clients of all backgrounds who need help navigating the estate planning process so they avoid costly estate taxes. Our legal professionals make it our top priority to keep our clients informed on all matters that can impact their tax liabilities, from federal and state estate laws to inheritance and generation skipping transfer tax strategies.
Attorney Krause is a Board Certified Estate Planning Law Specialist*, one of only eight such specialists in Wisconsin. With over 20 years of legal experience, attorney Krause has proudly helped thousands of clients feel better about their future by creating smart plans that will preserve their wealth and legacies. Stop by our firm today so we can discuss your situation and review your options for avoiding expensive taxes.
Call us today at (608) 344-5491 to set up an appointment with one of our team members at Krause Estate Planning & Elder Law Center.
Estate Tax Planning Strategies
Our law firm is dedicated to helping regular people throughout Madison devise smart plans for the future that will save their loved ones substantial money after they pass away. We are ready to walk you through all your options to legally avoid taxes. You can count on our professionals to identify sound financial strategies that can minimize your exposure to estate taxation.
When you choose Krause Estate Planning & Elder Law Center , you won't find cookie-cutter strategies or fillable forms. Instead, our compassionate and knowledgeable legal professionals strive to build helpful relationships with our clients so that we can craft the detailed legal documents they need to protect their best interests.
Federal Estate Tax Exemption
Under the Tax Cuts and Jobs Act of 2017, the federal estate tax exemption was increased to $11,200,000 per individual and $22,400,000 for married couples. For 2020, that exemption was increased to account for inflation and was adjusted to $11,580,000 per individual and $23,160,000 for married couples. The tax rate that these amounts can be exempted remains at 40%.
Generation-Skipping Transfer Tax Exemption
The Generation-Skipping Transfer Tax is a tax on property passing from one generation to another generation that is two or more generational levels below the transferring generation. For example, a grandparent making a transfer to a grandchild. If this is done with proper planning, it can be used to transfer substantial wealth between generations. The Generation-Skipping Transfer Tax Exemption is the amount of money that isn’t taxed by the federal government. This exemption is unified with the federal estate tax exemption and the lifetime gift tax exemption at $11,580,000 per individual and $23,160,000 for married couples.
Why Clients Choose Our Law Firm for Tax Planning Advice
With our tax planning services, you can prepare for the future and protect your finances. Reach out to our friendly legal team so we can begin helping you. With our legal team representing you, you no longer have to worry about your money flying out of your bank account or losing sleep because you have a nagging feeling about your tax situation.
Clients get the following benefits when they choose Krause Estate Planning in Madison:
- Peace of mind knowing you are doing what you can for your family
- Financial security allowing dignity as you age
- A relationship with a professional estate planning team that you and your family can rely on throughout the years
- A specific plan with a professional guide to see it is executed
- Access to a dedicated team of subject-matter experts
*The Estate Law Specialist Board, Inc.
Call our law firm today at (608) 344-5491 to request a case consultation with one of our friendly legal professionals.
He offered practical advice and alternatives to the questions that we had.Tim & Pamela
He was able to guide us through this process with a thorough understanding of what decisions we needed to make to create clear directives for our family to follow if needed.Victoria
Excellent!Dianna & Jay
Daniel J. Krause
Krause Estate Planning & Elder Law Center was founded by Dan Krause, a former Army JAG Attorney (Major, Retired). We take great pride in our stellar reputation for steadfast service and loyalty to our clients through both the good times and the challenges of aging and disability.
With over 20 years of estate planning experience, our founder, Dan Krause has helped thousands of clients feel better about their future by setting them up with comprehensive and effective estate plans. Dan is also a Board Certified Estate Planning Law Specialist*, one of only eight such specialists in Wisconsin.
*The Estate Law Specialist Board, Inc.Read Full Bio
Pursuit of Excellence
Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (608) 344-5491.