Clair Law is proud of its efforts in the recent 5-1 Wisconsin Supreme Court Decision, Gail Moreschi v. Village of Williams Bay and Town of Linn ETZ Zoning Board of Appeals, William L. Edwards and Suzanne Edwards, 2020 WI 95. The filed written decision can be found at the following link: https://www.wicourts.gov/sc/opinion/DisplayDocument.pdf?content=pdf&seqN...
The combined estate and gift tax exemption for the year 2021 is an astronomical $11,700,000 for individuals. Clair Law wants to make you aware that this combined tax exemption is scheduled to bounce back on January 1, 2026 to the sum of $5 million per individual (with future inflation adjustments). Everything that you own in your name is included in your estate for estate tax. It can include investment accounts, annuities, and life insurance proceeds - in addition to real estate and bank accounts. Additionally, property that you exercise substantial control over will also be included.
Our Attorneys are highly experienced, award winning Lawyers, who work together as a team to serve our client's needs. We look forward to providing you with the same level of high quality legal services that our clients have relied upon for years.
