The four-million-dollar line.

Can you plan around the Illinois estate tax? The federal estate tax now starts at $15 million, but Illinois draws its own line at $4 million, with no portability between spouses and a computation that taxes the whole estate once you cross it. An ordinary house, retirement accounts, and a life insurance policy clear that line more often than people expect. The softening tools are old and reliable: trusts that preserve both spouses' exclusions, lifetime gifts, insurance owned outside the estate, and honest counting before any of it. Full transcript and show notes: https://consideratecapital.com/podcast/avoiding-the-illinois-estate-tax This content is for educational purposes only and is not investment, tax, or legal advice. Considerate Capital is a registered investment adviser in Illinois. Past performance does not guarantee future results. All strategies involve risk, including the potential loss of principal. Please consult your own tax, legal, and financial advisors regarding your specific situation.