Archive for June 22nd, 2007

ILIT – The Irrevocable Life Insurance Trust

Friday, June 22nd, 2007

Irrevocable Life Insurance Trusts (ILITs) are planning tools used to keep life insurance proceeds outside of the taxable estate.For example, if a married couple has an estate of 6 million, they can pass 4 million to the next generation with no tax if they set up the proper trust arrangement ...

Estate – She Came Out Of Nowhere

Friday, June 22nd, 2007

If youd hit her in the passenger door, you probably would have killed her, the officer told me as I looked over the crumpled front of my mini-van. I was a bit shaken, but relieved. It could have been so much worse, especially for Marge.That February day began like any ...

Real Estate Tax – Tax Maps, Real Estate Tax Exemptions, Estate Tax Lien Information and More

Friday, June 22nd, 2007

The history of real estate tax and property tax can be traced back to Colonial America. Land was taxed on a per-acre basis until the nineteenth century when uniformity clauses were adopted to help protect settlers. The uniformity clauses now require that property be taxed according to its value.Illinois was ...