Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS • Step 6: Tax Issues Estate Tax Federal Estate Tax Exemption $5.49 million in 2017 (adjust for inflation annually) • Illinois Estate Tax Exemption $4 million (not adjusted for inflation . Had the decedent filed gift tax returns (IRS Form 709) McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS • Step 6: Tax Issues Estate Tax Will it be necessary for file a Federal Estate Tax Return (IRS Form 709)? Should we claim the Deceased Spouse Unused Exclusion (DSUE)? Do we need to file an Illinois Estate Tax Return? 4/19/2017 18

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