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DON’T LOSE THE FEDERAL ESTATE TAX EXCLUSION AVAILABLE AT YOUR SPOUSE’S DEATH…

Federal Estate TaxEach of us is entitled to a Lifetime Federal Gift and Estate Tax Exclusion ($5.43 million for decedent’s dying in 2015).  You can give this amount away during your life or leave it to anyone at your death without paying any federal gift or estate tax.  It is important to note, however, that for Illinois residents, there is only a $4 million Illinois estate tax exclu...
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