As you do your estate planning, you might have heard about the gift tax and how to avoid it. This article details how to avoid the gift tax in Illinois (there is no state gift tax, but there is a federal gift tax that applies in some situations – see below). If you have questions […]
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Estate planning is essential, and something that everyone should consider doing. Because life can be unpredictable, there is no dedicated age or amount of wealth that a person has as a limiting factor with regard to the distribution of their assets when they pass on. Proactively working out the details of one’s wealth can help […]
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