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Illinois Inheritance Tax Waiver Form

Illinois Inheritance Tax Waiver Form

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lawmakers in Illinois are considering a change to attacks us not clear is the estate tax it kicks in when somebody gets an inheritance of more than four million dollars there are Family Farms across Illinois that fall into that category but when that tax bill is due they sometimes cannot pay it without selling assets it's because most of the money from farms either goes into the land or into the crops Governor JB pritzker did not say whether or not he would support raising a threshold to 12 million dollars important to consider around that what the effect on the state budget would be what the effect on families would be is that the right threshold so when you can't give that to your kids that that's a huge huge difference so I think we need to pay attention to that and I appreciate Governor taking a look at it setting the Threshold at 12 million dollars would make it even with the federal limits

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