The following is a summary of some of the key legislative and judicial updates from Illinois in 2024.
Control and Protection of Trust Property -
On August 9, 2024, Senate Bill 3343 (SB 3343) was signed into law, which...more
This year was busy for trusts and estates practitioners. With 2025 marking the final year of the Tax Cuts and Jobs Act (TCJA), many of its implications for federal corporate and individual income tax, gift, estate and...more
11/27/2024
/ Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
IRS ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Reform ,
Trusts
We have certainly had our share of turbulent waters in the estate planning world from 2020-2022. With two significant elections, it is hard to remember a previous time with such substantial uncertainty about how tax planning...more