In the Headlines
September 14, 2013
Wealthy Illinoisans Leaving State to Avoid Estate Taxes
Quad-Cities Online
Wealthy residents in Illinois are attempting to find ways around the state's inheritance tax. Residents are required to pay tax on estates that amount to more than $4 million, and estate planning practitioners are recommending an alternative for these individuals.
"I advise clients to move to a state that does not have an estate tax," said Private Wealth Services Partner Christine Albright.
READ: Wealthy Illinoisans Leaving State to Avoid Estate Taxes