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How to Calculate Illinois Estate Tax
Illinois estate tax 2
Posted November 18, 2024

You’ve probably heard of the estate tax, and are aware it is a federal tax. But what many people may not know is that Illinois is one of only a few states that also impose a state estate tax. While a legal or tax professional should help you understand your potential estate tax obligations, there […]

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Incorporating Digital Assets Into Your Illinois Estate Plan
digital assets
Posted November 18, 2024

In today’s modern world, an increasing amount of our lives are tied to digital platforms. From online banking and cryptocurrency to social media accounts, many of our assets exist in a digital space. Most people think about their homes, retirement accounts, and personal belongings when planning their estate, but it’s just as important to include […]

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The Role Of Mediation In Resolving Estate Disputes In Illinois
mediation
Posted October 28, 2024

In Illinois, mediation has proven to be an effective way to settle disagreements without resorting to long and expensive court battles. When conflicts arise among beneficiaries, heirs, or trustees, mediation should be considered before heading to court. Mediation offers a practical solution that helps maintain family relationships and reduces unnecessary financial strain on the estate. […]

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Key Estate Planning Documents Every Illinois Resident Should Have
estate planning
Posted October 21, 2024

Estate planning is something everyone should do, regardless of age or wealth. Illinois law outlines clearly what each resident should have in writing to protect their assets and preserve their wishes. While estate planning may be something one can be concerned with later in life, these important documents will save many headaches that your family […]

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