I wanted to personally update all past, current and future clients regarding the coronavirus impact on my office and on estate planning and probate in general.
My family and I are doing well, and I hope you are too. I
The blog "Plan for the Road Ahead," published by the Law Offices of Jeffrey R. Gottlieb, LLC, focuses on estate planning and administration topics relevant to Illinois residents. It covers wills, revocable living trusts, powers of attorney, and estate tax planning including federal and Illinois estate taxes. The blog also addresses probate and trust administration, estate disputes, and beneficiary representation. It discusses legislative updates such as the Secure Act affecting retirement accounts and changes in estate tax laws. The blog provides practical guidance on estate plan reviews, charitable planning, and the impact of tax reforms on estate and gift planning strategies.
Last week I summarized the 2018 rates and exemptions for gift, estates and trusts. Compared to the major tax code reforms to personal and business taxation, the estate tax changes appear relatively straightforward.
The estate tax was not repealed, but…
If you haven’t already heard, Bob Glorch is retiring from the practice of law next week, at the end of 2017. Bob retires after a 50-year distinguished legal career focused on estate planning.
I had the great fortune of being…
In an unexpected move, the IRS announced in Rev. Proc. 2017-34 (June 9, 2017) that estates who failed to file an optional estate tax return (Form 706) to elect “portability” of a deceased spouse’s unused exemption (DSUE) now have until…