Category Archives: Articles

Illinois Tax Law Changes Effective January 2009

Abstract Articles

In 2003, Illinois enacted estate tax rules which, beginning January 1, 2009, do not parallel the federal fules for decedents dying after December 31, 2008. On January 1, 2009, the federal estate tax exclusion amount increases to $3.5 million. As part of the same legislation, Congress phased out the credit that had been allowed for state estate taxes (sometimes referred to as “death” taxes)….For more, click link:

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2009 ESTATE TAX CHANGES

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Providing for a Person With Special Needs

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An irrevocable special-needs trust is the best way to provide for a disabled or mentally retarded adult or child who needs to retain government benefits. Done properly, such a trust can ensure that the beneficiary will have the things that enrich his or her life now and after you are gone and still qualify for essential government benefits such as Social Security and health care.

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Kiplinger’s Retirement Report, November 2000 archived article OR check with your public library

How to plan a secure future for children with mental handicaps

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Looking serious under her thick fringe of bangs, Susannah Eversman talks about her big plans for the future. Maybe she’ll attend college in California, she volunteers, or perhaps tour with a rock band. But Susannah, 20, is also pretty happy with the present. Born with Down syndrome, she lives with her family in a substantial brick house in Naperville, Ill., has a serious boyfriend, and works part-time at a job she loves, busing tables at a local restaurant.

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Kiplinger’s Personal Finance, April 1, 2000 archived article OR check with your public library