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Illinois QTIP Election

By Gerry W. Beyer

IllinoisRobert J. Kolasa (attorney, Lake Forest, Ill.) has published his article The Illinois QTIP Election to the Rescue, 97 Ill. B.J. 613 (2009).  

The introduction to the article is below:

After much anticipation, Illinois estate planners finally got what they wished for when the Illinois QTIP legislation became law on September 8, 2009.  For married couples it is now possible to make an election on the first to die’s Illinois estate tax return to help solve the conundrums practitioners faced in dealing with the differing federal and Illinois estate tax exclusion amounts.

Posted in:
Articles, Estate Planning - Generally, New Legislation and Trusts