Estate Planning Couples with Larger Estates

Effective estate planning requires a basic understanding of many issues. This is especially important for larger estates where estate taxes are of concern. In Illinois, a larger estate is an estate in excess of the Illinois exclusion amount – currently $4 Million – and in estates such a Missouri that do not have an estate tax, the federal estate tax exclusion amount – roughly $5 Million.

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This is not intended to be legal advice, but rather, to provide accurate information regarding estate, trust and wealth preservation. For more information regarding these matters, please contact any member of our estate, trust and wealth preservation group: James A. Rapp ( jrapp@srnm.com ), Ted Niemann ( tniemann@srnm.com ), Harold B. Oakley ( hoakley@srnm.com ), Michael A. Bickhaus ( mbickhaus@srnm.com ), Jeffrey L. Terry ( jterry@srnm.com ) or Joseph B. Ott ( jott@srnm.com ). Our telephone number is (217) 223-3030. Please visit our website: www.srnm.com. We invite and welcome all questions and comments. © 2013 Schmiedeskamp Robertson Neu & Mitchell LLP Vol. 2015-1