Taxation

Illinois’ estate tax threshold is $4 million. Large percentage of families do not have estate tax concerns. However, there are a plethora of income tax issues associated with distribution of assets after the grantor of a trust or a testator of a will passes on. Whether you’re in the planning phase or administration phase, we can help you assess and minimize potential income tax impact.

Additionally, in today’s globally connected world, seemingly simple transactions across national borders may have complex tax implications. Many people may also have international presence either by residence or via ownership of certain assets. We are here to help you manage reporting requirements and maximize tax efficiency.