Estate Tax Avoidance

Estate Tax Avoidance Attorney

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 or contact us online 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.

  • I would recommend Dan to anyone who needs a new will or has an older one that needs to be updated.

    Mark & Mary
  • We're very happy with the decisions we made about our estate planning.

  • We will definitely recommend him and his team to others!

Our Values What’s Important to Us
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