Good morning! I just successfully opened (by video hearing) an intestate probate estate in Cook Co. with just over 100 heirs. Any probate attys out there have that # beat? Just need to check the stamp drawer to send all those notices!
Had my first Cook County probate court video hearing this morning (currently only for "emergency" matters). Sure would be nice to have this option going forward for all matters except for hearings requiring witnesses.
Required Minimum Distributions (RMD) from retirement accounts (401k, IRA, etc.) suspended for 2020.
Congress Suspends Required Minimum Distributions For 401(k)s And IRAs For 2020, Opening Window To Tax Savings
Congress is giving retirees a tax break, suspending RMDs from retirement accounts, but the RMD holiday doesn’t mean you should turn off the spig...
NEW! Illinois Executive Order enacted March 26, 2020 allows video-audio notarization and witnessing, with many requirements and conditions. Applies during the duration of the Disaster Declaration. Read the Order:
Watch this page for Illinois Executive Orders signed by Governor Pritzker. I would anticipate many more in the coming days.
I am here for my estate planning and probate clients. While I intend to keep regular business hours, you can always call me and leave a message. I receive voicemails via email, so I will call you back from home if needed. Much work can be accomplished via phone, email, web, etc.
Federal Estate, Gift & GST Exemption:
2018-2025: $11.18 million (inflation-indexed after 2018)
2026: $5+ million (plus inflation-indexed)
Illinois Estate Tax:
2018 & after: $4 million (not inflation-indexed & not portable b/w spouses)
Annual Gift Tax Exemption 2018: $15,000
Had a blast today at the Palatine Hills Golf Classic for SLSF benefiting @NWSRA.