Illinois Estate Tax
What is the best way to avoid paying the egregious Illinois Estate Tax, other than leaving Illinois?
Terry Says
It’s not just leaving the state; it’s establishing a residence elsewhere — in a state that does not have a state death/estate tax.
The estate tax rate for Illinois is graduated and the top rate is 16%. Remember that in Illinois, you pay taxes on the entire estate if it is above the $4 million threshold.
