Help Me Get My Feet Back On The Ground: Understanding and Calculating the Illinois Estate Tax

This introductory guide explains the fundamentals of the Illinois Estate Tax, including who is subject to the tax, exemption thresholds, and filing requirements.Originally presented as part of Estate Planning Short Course 2025.

Basis planning is a critical tool for minimizing tax liabilities and maximizing asset value during estate planning and transfers. This session will explore strategies to optimize basis adjustments, including step-up and step-down considerations, and their impact on capital gains and estate taxes. Gain insights into common scenarios, such as gifting versus inheriting assets, and learn how to structure transactions to achieve favorable tax outcomes for your clients. Whether planning for lifetime gifts or post-mortem transfers, this session equips attorneys with the knowledge to enhance the financial benefits of their clients' estate plans. Originally presented as part of Estate Planning Short Course 2025.

Grantor trusts can play a pivotal role in your estate planning strategy. This session will cover the legal framework, tax implications, and strategic uses of grantor trusts, equipping attorneys with the knowledge to advise clients on wealth management and asset transfer while preserving control. Originally presented as part of Estate Planning Short Course 2025.