The most common beneficiary designation mistakes are: (1) not updating after divorce or remarriage, (2) naming your estate instead of individuals, (3) not coordinating with your trust, (4) forgetting to name contingent beneficiaries, and (5) using per stirpes vs per capita incorrectly.
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Illinois has a $4M estate tax exemption that's not portable between spouses without specific trust planning. The work we do now is what your kids inherit instead of paying.
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