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Michael Politowicz, EA

Death Death Taxes & Taxes & Survivors Survivors

From sunrise to sunset, with the moon appearing in the winter early evening sky, Chicago is a jewel city in the midwest. Unique to Chicago are the many bridges that connect the city.

CHICAGOLAND Photographers is a scheduled feature in Vigore. Emerging and professional photographers can submit their images to appear in subsequent issues of Vigoré either in print or online through our “flip magazine”. For submissions visit www.vigoremag.com

Vigoré ?

unnion bascule bridge or go bascule type bridge was developed and perfected in Chicago with 19 bridges of this type which span the Chicago River from Lake Shore Drive to Congress Parkway. Chicago and Cook County are home to one of the largest collections of his-toric bridges in the country, and no other city in the world has more movable bridges.

Creative architects have designed and positioned buildings to take advantage of the man made and natural elements of Chicago, creating spectacular views

What about the surviving spouse?

When an A-B trust is implemented, two subsequent trusts are created upon the death of the first spouse. The assets will be allocated between the

survivor’s trust, or “A” trust, and the decedent’s trust, or “B” trust. This will create two taxable entities, each of which will be entitled to use a personal exemption. The surviving spouse retains full control of his or her trust. He or she can also receive income from the deceased spouse’s trust and can even withdraw principal from it when necessary for health, support, or

maintenance. On the death of the second spouse, the assets of both trusts pass directly to the heirs, completely avoiding probate. If each of these trusts contains less than the exemption amount, these assets will pass to the heirs free of federal estate taxes.

Amateur Photos Submitted by Cay Clark

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CHICAGO: City of Views

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