As 2026 approaches, significant legislative changes at both the federal and Illinois state levels are set to reshape estate planning, taxation, and probate procedures. In response, Kravets Law Group, a Chicago-based estate law firm, is offering free estate plan reviews to help individuals and families ensure their documents remain effective under the new legal landscape.
The changes are substantial. The federal One Big Beautiful Bill Act permanently sets the federal estate tax exemption at $15 million per person starting January 1, 2026, which could alter the tax exposure for high-net-worth estates. 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, simplifying probate for smaller estates. Additionally, pending legislation such as the Family Farm Preservation Act could further impact Illinois families, particularly those with agricultural assets. The Illinois Supreme Court also amended its rules effective January 1, 2026, refining the procedural framework for probate and trust litigation.
These developments mean that estate plans drafted even a few years ago may no longer align with current law or the client's wishes. Kravets Law Group's review service covers core documents including wills, revocable and irrevocable trusts, powers of attorney for property and healthcare, and beneficiary designations on retirement accounts and life insurance policies. The goal is to identify whether existing plans reflect the client's intentions, comply with updated laws, and take advantage of any new planning opportunities or mitigate risks.
"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."
The firm is accepting new consultations now, with appointments available in person and virtually, including scheduling flexibility for clients with demanding work schedules or mobility limitations. Free consultations can be booked by phone or through the firm's website.
For Illinois residents, the stakes are high. Without an updated plan, families could face unnecessary taxes, delays in probate, or asset distributions that don't match the deceased's wishes. The 2026 changes create both risks and opportunities, making professional review more critical than ever. As Kravets noted, many people are unaware of how outdated their plans have become. This initiative aims to bridge that gap, offering peace of mind at no cost. With the new year approaching, now is the time to act.
