Chicago Accounting Articles

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

Updated July 21, 2015   What is Probate Chicago Illinois   Probate is nothing more than the orderly transition of assets per the instructions of a Will.   This process used to be a nightmarish, but it has been simplified. … Continue reading →

Updated July 21, 2015   Business Succession Planning in Chicago Illinois   Common mistakes made in small business succession and business continuity planning   There are three common mistakes: Not finding someone who is capable of managing the business   … Continue reading →

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 … Continue reading →