No, Illinois Does Not Have a $4 Million Estate Tax Exemption!
By Allison K. Pfeifle & Aisha E. Fashawe
Real Estate Law,
December 2025
Contrary to what many clients and some practitioners may think, Illinois does not have a $4 million estate tax exemption. Instead, Illinois employs two different calculations, as explored in this article, and the lesser of the result is the applicable estate tax.
No, Illinois Does Not Have a $4 Million Estate Tax Exemption!
By Allison K. Pfeifle & Aisha E. Fashawe
Trusts and Estates,
November 2025
Contrary to what many clients and some practitioners may think, Illinois does not have a $4 million estate tax exemption. Instead, Illinois employs two different calculations, as explored in this article, and the lesser of the result is the applicable estate tax.
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