As 2026 approaches, a series of federal and Illinois legislative changes are set to reshape estate planning, prompting Kravets Law Group, an Illinois business, real estate, and estate law firm, to offer free estate plan reviews. The firm aims to help individuals and families ensure their estate plans reflect the current legal landscape, rather than outdated provisions from years past.
The urgency stems from several key developments. At the federal level, the One Big Beautiful Bill Act permanently sets the federal estate tax exemption at $15 million per person starting January 1, 2026. In Illinois, Public Act 104-0346 raises the small estate affidavit threshold from $100,000 to $150,000 and excludes registered vehicles from the calculation. Additionally, pending bills like the Family Farm Preservation Act could further alter the estate planning picture for Illinois families. Moreover, amendments to Illinois Supreme Court Rules effective January 1, 2026, refine the procedural framework for probate and trust litigation.
These changes have significant implications for estate planning. The increased federal exemption means fewer estates will be subject to federal estate taxes, but Illinois still imposes its own estate tax with a much lower threshold, creating potential traps for the unwary. The higher small estate affidavit threshold simplifies the probate process for smaller estates, saving time and costs. However, the pending Family Farm Preservation Act could introduce new considerations for agricultural families. The procedural rule amendments may affect how disputes are resolved, underscoring the need for up-to-date documents.
Kravets Law Group's estate plan review covers core documents such as wills, revocable and irrevocable trusts, powers of attorney for property and healthcare, and beneficiary designations on retirement accounts and life insurance policies. The review assesses whether these documents still align with the client's wishes, comply with current laws, and capitalize on planning opportunities or mitigate risks arising from recent changes.
"Our goal with these estate plan reviews is to give people clarity, not apply pressure," said founding attorney Daniel Kravets. "I want people to walk out of the meeting knowing where they stand and what to do next, which is more than most can say about their estate plans." This client-centered approach reflects the firm's philosophy of partnership over transaction, as detailed on The firm's website.
Free consultations are available in person and virtually, with flexible scheduling for clients with demanding work schedules or mobility limitations. Appointments can be booked by phone or through the firm's website. With the legal landscape shifting, a complimentary review can provide peace of mind and ensure that estate plans are not only current but also optimized for the future.
