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Grandfather’s trust is well below the threshold for the federal estate tax, $13.61 million in 2024, so that is not an issue. His trust was drafted so as to bypass Grandmother’s estate. Still, her $5 million trust could grow large enough to become taxable if the amount exempt from federal estate tax falls to about $7 million in 2026, as required under current law. Accordingly, the trustee ...
Learn how to identify and avoid imposter scams with cybersecurity education from Stillman Bank designed for Illinois banking customers.
Find answers to common eStatements questions from Stillman Bank, helping Illinois customers manage digital statements securely and conveniently.
Uninterrupted family financial protection. A living trust agreement can instruct us to perform a wide variety of special tasks when the need arises. These tasks might be as simple as paying a world trav-eler’s quarterly estimated taxes while he or she is out of the country—or as complex as handling all household financial matters for a customer who has suffered a stroke and needs a ...