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Tag Archives:  Chicago Wills Lawyer


FINAL REGULATIONS DEFINING MARITAL STATUS TERMS ISSUED

The IRS has released final regulations that reflect the holdings of Obergefell v. Hodges, a 5-4 decision of the United States Supreme Court, which declared that same sex couples are guaranteed

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TRUST OWNERSHIP OF TENANCY BY THE ENTIRETY PROPERTY

As most of us know, married couples may hold title to their homestead property as tenants by the entirety. This classification of ownership allows a married couple to hold title to such property in

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NEW ILLINOIS EXEMPTION: PERSONAL PROPERTY

Both houses of the Illinois General Assembly have passed legislation to amend the Illinois statute which provides for the exemption of personal property of individuals from judgment, attachment or distress

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ILLINOIS STATE DEATH TAX EXCLUSION INCREASES

Good News! The Illinois state death tax exclusion has increased from $2 million to $3.5 million effective January 1, 2012. Therefore, for estates of persons dying in 2012, Illinois’ piece of the

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