*The New Federal and Illinois Estate Tax Laws
Legal Article: “The New Federal & Illinois Estate Tax Laws”
Publication: Lake County Bar Association, The Docket: March 2011
Author: Robert J. Kolasa, J.D, C.P.A., LL.M. (Tax)
An analysis of the estate tax provisions contained in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. Until 2013, this Act generally freezes the federal estate and gift tax exclusions at $5 million and adopts the convention of estate tax portability.