June 2023 marks the 23rd year anniversary of O’Keefe Law Office. We look forward to continuing to provide excellent legal representation for the next 23 years, and beyond. Thank you to all of our clients,…
Read MoreThe 2023 Federal estate tax, gift tax, and generation skipping transfer (GST) tax exemption amounts currently are $12,920,000.00. The 2023 Federal annual gift tax exemption is $17,000.00. The 2023 Illinois estate tax exemption amount currently…
Read MoreThe 2023 annual gift tax exclusion remains $17,000.00 except, for gifts to a non-citizen spouse, the annual gift tax exclusion is $175,000.00.
Read MoreThe 2019 annual gift tax exclusion remains $15,000.00 except, for gifts to a non-citizen spouse, the annual gift tax exclusion is $155,000.00.
Read MoreThe 2019 Federal estate tax, gift tax, and generation skipping transfer (GST) tax exemption amounts currently are $11,400.00.00. The 2019 Illinois estate tax exemption amount currently remains $4,000,000.00, the same amount as 2018. Illinois does…
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