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Grandfather’s trust is well below the threshold for the federal estate tax, $13.61 million in 2024, so that is not an issue. His trust was drafted so as to bypass Grandmother’s estate. Still, her $5 million trust could grow large enough to become taxable if the amount exempt from federal estate tax falls to about $7 million in 2026, as required under current law. Accordingly, the trustee ...
Find answers to common eStatements questions from Stillman Bank, helping Illinois customers manage digital statements securely and conveniently.
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