Chicago Accounting Articles

Estate Tax and Death Tax Chicago Illinois

Updated July 24, 2015   Estate Tax and Death Tax Chicago Illinois   What is the Estate Tax? The Estate Tax is the tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the...

What Is Gift Tax Chicago Illinois

Updated July 27, 2015   What Is Gift Tax Chicago Illinois   Gift Tax Exclusion, Gift Exemption and Gift Taxes The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with...

Estate Planning in Chicago Illinois

Updated July 21, 2015   Estate Planning in Chicago Illinois   Estate inheritance planning   The problem here is making sure that your assets actually go to your heirs, rather than being sold to cover estate taxes. Most people don’t want their...

Where do I begin Estate Planning in Chicago Illinois?

Updated July 21, 2015   Where do I begin Estate Planning in Chicago Illinois?   Where do I begin to plan my estate?     There are three parts of this that are consistently difficult in estate planning. A customer has to face their own death. The...

What is splitting the Estate in Chicago Illinois?

Updated July 21, 2015   What is splitting the Estate in Chicago Illinois?   Splitting the estate basically means that each individual member of the marriage has their own estate.   This means that the estate tax credit, below which you are not subject...