This session will provide attorneys with practical strategies for understanding the Illinois estate tax. Learn how recent developments impact estate planning in Illinois and explore techniques to help clients minimize tax liability while preserving wealth. The discussion will include calculation of the tax, considerations for residents and non-residents with Illinois property, and a brief discussion of the “Nowhere Man”: the Illinois generation-skipping transfer tax. Originally presented as part of Estate Planning Short Course 2025
Credits: 1.25 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Expires 5/1/2027
This session will provide attorneys with practical strategies for understanding the Illinois estate tax. Learn how recent developments impact estate planning in Illinois and explore techniques to help clients minimize tax liability while preserving wealth. The discussion will include calculation of the tax, considerations for residents and non-residents with Illinois property, and a brief discussion of the “Nowhere Man”: the Illinois generation-skipping transfer tax.
Allison K. Pfeifle, ArentFox Schiff LLP, Chicago