The Estate and Gift Tax Limits After Passage of the One Big Beautiful Bill represent one of the most significant and permanent changes to federal wealth transfer rules in recent history. Enacted on July 4, 2025, the legislation increases federal
Illinois QTIP Marital Trusts help preserve wealth, reduce Illinois estate tax exposure, and protect family intent for complex estates. A.H.Steinmetz, Ltd. advises high-net-worth families on advanced trust-based planning strategies tailored to Illinois law and modern family structures. For Illinois families
Introduction For many business owners, maintaining personal privacy is not merely a preference but an important strategic consideration. Forming a limited liability company (LLC) in Illinois requires the disclosure of certain information that becomes publicly accessible through the Secretary of
Understanding the Basics of LLC Formation Starting a Limited Liability Company (LLC) can be one of the most strategic decisions a small business owner makes. It provides the legal separation needed to protect your personal assets from business liabilities, while
Introduction: Why Choosing the Right Business Entity Matters Starting a new business is exciting, but it also comes with an overwhelming number of decisions. Among the very first choices that entrepreneurs in Illinois and Missouri must make is how to
When buying or selling a business in St. Louis, Monroe County, St. Clair County, or Jefferson County, one of the first documents you’ll encounter is a Letter of Intent (LOI). Working with a Letter of Intent lawyer St. Louis ensures
Serving Columbia, Waterloo, Monroe County, St. Clair County, and surrounding counties in Illinois; and St. Louis, St. Louis County, Jefferson County, and surrounding counties in Missouri. If your company owns life insurance to redeem a deceased owner’s shares, the insurance
1. What Is the Corporate Transparency Act? The Corporate Transparency Act (CTA) was enacted in 2021 as part of the National Defense Authorization Act. Its primary purpose is to combat money laundering, terrorism financing, and other illicit activities by requiring
Settling an estate after a loved one’s death can be time-consuming and costly—especially when court-supervised probate is involved. But for many Illinois families, a pending change to the law may offer a simpler and faster alternative. Under Senate Bill 83
In the wake of the recently passed federal tax legislation—dubbed by some as the “Big Beautiful Bill”—many high-net-worth individuals are breathing a sigh of relief. Among other changes, the bill makes permanent the historically high federal estate and gift tax
