As this Wall St. Journal story explains, many states have an inheritance tax and Illinois is one of them. The tax kicks in on estates of $2 million or more. We tend to pay attention to only the federal inheritance tax limit of $3.5 million. This is one reason to make your domicile in Florida if you have a large estate (since FL has no inheritance tax).
Estate planning and real estate in the Land of Lincoln
Illinois inheritance tax is alive and well
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