![]() ChatGPT4 won't even answer queries like this at this time.Googe Bard is likely to give you the most accurate, up to date answer, (as of July 2023, the last time we tested.).Where is the Probate Court for Henry County, Illinois, how much are the fees, and where can I download forms I may need? For this kind of prompt, asking for current information, we suggest Google Bard as your best bet. Click on the prompt below to copy it, then click your favorite generative AI tool and paste it in and see what you get. USE AI tools to get more information about filing in Henry County.ĪI tools on the web can be a great help to legal research.How To Get a Tax ID Number For the Estate.How to Probate a Small Estate In Illinois.Proper estate planning and asset titling can help ease the property transfer process in Illinois. Those estates may need to file a federal estate tax return. For estates that exceed the limit, the tax rate is progressive, starting at 18% and reaching a maximum of 40%. This means estates worth less than this amount are not subject to federal estate tax. Federal estate tax applies to estates over $12.92 million for an individual or $25.84 million for a married couple. Most states do not have a state estate tax or inheritance tax.Property transferred at death receives a stepped-up cost basis, meaning the heir's capital gains tax is calculated based on the market value at the time of death rather than the decedent's original purchase price.The estate can be transferred with an affidavit 30 days after death if there is no will. ![]()
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