When a person dies, their assets get distributed to their heirs through their estate. Illinois has an estate tax that gets charged based on the estate's total assets. The federal government also has an estate tax, but the exemption amount for federal estate tax is...
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Month: August 2022
The steps of estate planning
When you have spent a lifetime working hard to acquire assets, you want to make sure that upon your death, or should you become incapacitated, your treasures go to the right people. This is one of the main purposes of estate planning. Estate planning can be complex,...