State Estate, Inheritance & Income Tax Issues Webinar

To provide CPAs, tax accountants, estate planners, and finance professionals with the practical knowledge, insights, and strategic frameworks needed to minimize state estate and inheritance tax exposure, ensure multi-jurisdictional compliance, and optimize wealth transfer plans for clients.

• States that impose an estate tax
• How state and federal rules work together
• Compliance requirements for inheritance taxes
• Planning for future inheritance tax changes
• Legal implications of state tax regulations
• Wealth transfer strategies and estate planning
• Lifetime gifts and irrevocable trusts
• LLC ownership
• Charitable giving to reduce your state-taxable estate
• Liquidity planning for heirs
• Asset titling and beneficiary designations

Kristin Bagull, Counsel, KTS Law

Kristin G. Bagull focuses her practice on assisting both individuals and corporate fiduciaries with complex trusts, estates, and taxation issues. She works closely with her clients to develop tailored and effective asset protection strategies and business succession plans. Kristin has drafted numerous sophisticated estate plans on behalf of clients which includes lifetime qualified terminable interest property (QTIP) trusts, generation-skipping trusts, intentionally defective grantor trusts, grantor retained annuity trusts, private foundations, and prenuptial agreements.

Kristin has extensive experience preparing complex trust accountings, estate tax returns, gift tax returns, and income tax returns. She also works with clients in handling and resolving tax controversies at both the state and federal levels. In addition to her estate planning and administration work, Kristin regularly represents clients in trust-related litigation, estate contests, and guardianship litigation matters.

Kristin was recognized in 2025 as a “Leading Lawyer” for Tax Law: Individual Trust, Will and Estate Planning Law by Leading Lawyers magazine,

To provide CPAs, tax accountants, estate planners, and finance professionals with the practical knowledge, insights, and strategic frameworks needed to minimize state estate and inheritance tax exposure, ensure multi-jurisdictional compliance, and optimize wealth transfer plans for clients.

DETAILED LEARNING OBJECTIVES

• Explain how Illinois estate tax applies when an estate exceeds the state’s $4 million exemption

• Compare the estate tax consequences of residing in a state with a separate estate tax and one without such a tax

• Distinguish a federal estate tax from an inheritance tax and recognize that the federal government does not impose an inheritance tax

• Explain how a beneficiary’s relationship to a decedent can affect state inheritance tax rates and exemptions

• Identify the financial records and appraisals commonly required to prepare state estate or inheritance tax returns

• Recognize the probate and state tax complications associated with owning property in multiple states

• Explain how annual-exclusion gifts can transfer assets without using the donor’s lifetime exemption

• Evaluate how an ILIT can provide liquidity for estate taxes and other expenses

• States that impose an estate tax
• How state and federal rules work together
• Compliance requirements for inheritance taxes
• Planning for future inheritance tax changes
• Legal implications of state tax regulations
• Wealth transfer strategies and estate planning
• Lifetime gifts and irrevocable trusts
• LLC ownership
• Charitable giving to reduce your state-taxable estate
• Liquidity planning for heirs
• Asset titling and beneficiary designations

Kristin Bagull, Counsel, KTS Law

Kristin G. Bagull focuses her practice on assisting both individuals and corporate fiduciaries with complex trusts, estates, and taxation issues. She works closely with her clients to develop tailored and effective asset protection strategies and business succession plans. Kristin has drafted numerous sophisticated estate plans on behalf of clients which includes lifetime qualified terminable interest property (QTIP) trusts, generation-skipping trusts, intentionally defective grantor trusts, grantor retained annuity trusts, private foundations, and prenuptial agreements.

Kristin has extensive experience preparing complex trust accountings, estate tax returns, gift tax returns, and income tax returns. She also works with clients in handling and resolving tax controversies at both the state and federal levels. In addition to her estate planning and administration work, Kristin regularly represents clients in trust-related litigation, estate contests, and guardianship litigation matters.

Kristin was recognized in 2025 as a “Leading Lawyer” for Tax Law: Individual Trust, Will and Estate Planning Law by Leading Lawyers magazine,