Call Us : 312.642.0006

Tax, Audit, Firm and Regulatory News

Where Not To Die: States With State Estate Taxes

In this webinar recorded on July 16th, Tax Partner Steve Hueffner discusses state estate taxes, emphasizing how they differ from federal estate taxes and the importance of understanding state-specific rules. He explains key concepts like the portability and QTIP elections, highlights states that impose estate and/or inheritance taxes, and outlines strategies to minimize exposure—such as lifetime gifting, asset titling, and residency planning.

If you have questions please reach out to your Topel Forman contact or contact us at info@topelforman.com

Related News Posts

Understanding the Illinois Gives Tax Credit Act

Understanding the Illinois Gives Tax Credit Act

Mar 25, 2026

Illinois Gives offers an opportunity to support long-term charitable endowments benefiting Illinois communities while receiving a state income tax credit. Illinois Gives contributions should be evaluated in the context of broader federal charitable planning, given that the Illinois credit both reduces Illinois income tax liability and, under federal quid pro quo rules, reduces the amount of the federal charitable deduction.

read more
Gifting Strategies: Why The Annual Gift Tax Exclusion Matters

Gifting Strategies: Why The Annual Gift Tax Exclusion Matters

Mar 16, 2026

When we talk about gifting as part of a tax strategy, many people assume it’s something only the ultra-wealthy need to worry about. But gifting is actually one of the simplest and most powerful financial planning tools available – and a thoughtful gifting strategy can make a meaningful difference for your family, both now and in the long run.

read more