The two systems differ significantly. The 2026 federal exemption is $15 million per individual, indexed for inflation, and the federal system offers portability between spouses. Illinois’ exemption is $4 million, has not been adjusted for inflation since 2012, and offers no portability. The federal system taxes only the amounts above the exemption; Illinois uses a cliff structure that taxes the entire estate as soon as the threshold is crossed.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
