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Probate & Trust Attorney in Wisconsin

Probate and Trust Attorney in Wisconsin that provides Elder Law services including estate planning, Asset Protection, Living Wills, Trusts, Tax Planning, Medicaid Planning, guardianships and Long-Term Care. Get a free consultation today.

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Probate & Trust Attorney in Wisconsin

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  1. Probate & Trust Attorney in Wisconsin

  2. Introduction A Law Corporation, we have extensive experience assisting families and individuals through estate planning and probate. Attorney Elder Law Center of Wisconsin is a certified specialist in estate planning, probate and trust law by the State Bar of Wisconsin.

  3. Charitable Lead Trusts • Provide income to a charity for a term of years, and at the end of the term, the remainder is paid to your family. • A Charitable Lead Trust is primarily a gift-discounting technique that permits you to gift $1 of assets to your family members, and the IRS will view it as less than $1 (typically 30% – 60% less). This enables you to gift more than you otherwise would be able to.

  4. Other Charitable Strategies Include • Private Family Foundations. • Donor Advised Funds. • Special Funds as part of a Local Community Foundation. • All will work to minimize taxation and create a lasting legacy. 

  5. Tax Planning Trusts The two most common taxes to avoid are income and estate taxes. While income taxes can be as high as 39 percent, there are many different types of trusts to minimize or avoid these taxes. They include: • Grantor Retained Trusts / (GRAT / GRUT) • Charitable Remainder Trusts / (CRAT / CRUT) • Charitable Lead Trusts / (CLAT / CLUT) • Qualified Personal Residence Trust (QPRT) • Irrevocable Life Insurance Trust (ILIT) • Qualified Domestic Trust (QDOT) • Intentional Grantor Trust (IGT)

  6. Asset Protection Trusts Asset protection trusts, are not as restrictive as tax planning trusts. They ensure the grantor is able to protect his assets from liabilities during his lifetime, from lawsuits, nursing homes, or other predators and creditors. Unlike tax planning trusts, asset protection trusts, can allow the grantor to retain full control of their assets and even retain the right to change the beneficiary and the timing, manner, or method of distribution.

  7. Planning for Widows or Widowers Widows or widowers are faced with many new challenges they never chose. Being married for an extended period of time and then having to adjust to a life without a lifelong partner often creates much anxiety and concern. We often see a tremendous amount of fear after the loss of a loved one and widow(er)s are often asked to make long-term decisions when they are not even clear what the next day looks like.

  8. TAX PLANNING: Trust Planning to Minimize Taxes Irrevocable trusts are used predominantly for two purposes: tax avoidance or asset protection. 

  9. Need an Attorney for Tax Planning and Asset Protection? Contact Us Toll Free: (866) 865-3306 Phone: (262) 812-6262 Fax: (480) 969-0079 Email: info@elderlawcenterwi.com Address: 125 N. Executive Drive, Suite 210,  Brookfield, WI, 53005 Website: http://www.elderlawcenterofwisconsin.com

  10. SocialMedia Channels https://www.facebook.com/ElderLawCenterOfWisconsin https://twitter.com/elderlawcarewi https://plus.google.com/+ElderLawCenterOfWisconsin

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