FORM 700
                                           STATE OF ILLINOIS
                   ESTATE & GENERATION-SKIPPING TRANSFER TAX RETURN                                                                        
                   FOR DECEDENTS DYING ON2                  OR AFTER JANUARY 1, 202

Original Return ¨      Supplemental Return (Additional tax due.) ¨         Amended Return (No additional tax due.) ¨

EstateEstate of:of:                                                        Date of Death

Decedent’s Address (No. & Street):

City                                                  State                Zip Code

Decedent’s Social Security Number:                    Name of Illinois County with Jurisdiction over Estate:

Name of Personal Representative or Person Filing Return:                   Telephone:

Address (No. & Street):

City                                                  State                Zip Code

Name of Preparer:                                                          Telephone:

Address (No. & Street):

City                                                  State                Zip Code

Indicate which of the following SEVEN are applicable:

     1. Neither a Federal Estate Tax Return nor Illinois Estate Tax Return is required to be filed, but a
                Certificate of Discharge is requested.

                a) Assets with taxable situs in Illinois . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

                b) Assets with taxable situs in another state or states . . . . . . . . . . . . . . . . . .            $

                c) TOTAL Gross Value of Decedent’s Assets  . . . . . . . . . . . . . . . . . . . . . . . .             $

                Attach itemized schedule of assets wherever located. Gross value means the total of the assets 
                undiminished by mortgages, liens or other encumbrances upon such assets for which decedent 
                was personally liable.

     2. A Federal Estate Tax  Returnor any other form containing the same information                                  is attached,no but  Illinois 
                Estate Tax is due. A Certificate of Discharge is requested.

                   STATE OF ILLINOIS ESTATE & GENERATION SKIPPING TRANSFER TAX RETURN - PAGE 1

3. A Federal Estate Tax Return or any other form containing the same information is attached (whether or 
not a Federal Estate Tax is due), and an Illinois Estate Tax is due. A Certificate of Discharge is requested.
(Complete Recapitulation and Schedule A or B, whichever is applicable.)

4. An Illinois QTIP election is made for this estate. 
Amount of Illinois QTIP election  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
(Attach an itemized list of the Illinois QTIP property. If this includes trust
property, state the percentage of the trust made subject to the election.)

Social Security Number of surviving spouse ____________________________

5. If a Section 6166 Election to Pay Tax in Installments is being requested,
check box, attach an executed Form IL-4350a, and supply proof of
acceptance by the Internal Revenue Service (when available).
Amount of deferred Illinois Estate Tax  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     $

6. This is an Amended or Supplemental Return.
(Complete Recapitulation and Schedule A or B, whichever is applicable, and
attach copy of amended Federal Estate Tax Return or other applicable documents.)

Decedent was:

             a) a resident of Illinois, Year residency established  . . . . . . . . . . . . .           a)

             b) a non-resident of Illinois, Year residency established  . . . . . . . . .               b)

             c) an alien, State of residence  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c)

Due date of this Return:

7. If an extension of time to file is being requested or if due date determined by extension of time to file
Federal Estate Tax Return, check box and attach explanation for extension request or a copy of the
Federal extension request. If based upon a Federal extension request, file a copy of approved extension
request when available. This extension request should be filed within 9 months of date of death.

The undersigned declare, under penalties of perjury, that they have examined this return, including any and all
accompanying schedules or attachments, and that they believe the same to be true and correct as to every
material matter and further verify that any attached Federal Estate Tax Return and any other applicable Federal
tax documents are true and corrected copies of the originals filed with the Internal Revenue Service.

The undersigned further certify that the attached Will (if decedent died testate) is a true and correct copy
of the Will of the decedent.

Signature of decedent’s personal representative                               Title                         Date

Signature of preparer                                                         Title                         Date

             STATE OF ILLINOIS ESTATE & GENERATION SKIPPING TRANSFER TAX RETURN - PAGE 2

SCHEDULE A – Resident Decedent’s Estate  (Instructions on page 5.)

1. Tentative Taxable Estate from Federal Return (Line 3a, Form 706),
or other form containing the same information  . . . . . . . . . . . . . . . . . . . . . . . . . . .               1.  $

2. Illinois QTIP election
(Amount claimed as Illinois QTIP election in this estate or amount from prior
estate’s Illinois QTIP election.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   2.  $

3. Illinois Tentative Taxable Estate
(Line 1 minus Line 2 if the QTIP is elected in this estate; or line 1 plus line 2
if the QTIP was previously elected. ). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         3.  $

4.   Adjusted taxable gifts
(Line 4, Form706, or any other form containing the same information.) . . . . . . . .                              4.  $

5. Illinois Tentative Taxable Estate plus adjusted taxable gifts
(Add Line 3 and Line 4.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5.  $ 

6. Full amount computed for Illinois Estate Tax from website calculator 
before apportionment 
(Use Lines 3 & 5 from this Form 700 for the website calculator.) . . . . . . . . . . . . .                         6.  $

7. Gross value of decedent’s estate having taxable situs in Illinois, plus
amount added back from prior estate’s Illinois QTIP election . . . . . . . . . . . . . . . .                       7.  $

8. Gross value of decedent’s estate wherever located (Line 1, Form 706),
plus amount added back from prior estate’s Illinois QTIP election  . . . . . . . . . . . .                         8.  $

9. Percent of estate having taxable situs in Illinois
(Line 7 divided by Line 8.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.    %

10. Amount of tax attributable to Illinois
(Line 6 multiplied by Line 9. Also enter on Line 1 in Recapitulation.)  . . . . . . . . . .                        10. $

With respect to the estate of a deceased resident of this State, all property included in the gross estate of the decedent
for Federal Estate Tax purposes shall have a taxable situs in this State for purposes of this Section, excepting real
estate and tangible personal property physically situated in another state (including any such property held in trust).

SCHEDULE B – Non-Resident or Alien Decedent’s Estate  (Instructions on page 5.)

1. Tentative Taxable Estate from Federal Return (Line 3a, Form 706),
or other form containing the same information  . . . . . . . . . . . . . . . . . . . . . . . . . . .               1.  $

2. Illinois QTIP election
(Amount claimed as Illinois QTIP election in this estate or amount from prior
estate’s Illinois QTIP election.)    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.  $

3. Illinois Tentative Taxable Estate
(Line 1 minus Line 2 if the QTIP is elected in this estate; or line 1 plus line 2 if 
the QTIP was previously elected)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        3   $

4.   Adjusted taxable gifts
(Line 4, Form706, or any other form containing the same information.)                       . . . . . . . .        4.  $

Continued on Page 4.

       STATE OF ILLINOIS ESTATE & GENERATION SKIPPING TRANSFER TAX RETURN - PAGE 3

SCHEDULE B – Non-Resident or Alien Decedent’s Estate  (Continued.)

5. Illinois Tentative Taxable Estate plus adjusted taxable gifts
(Add Line 3 and Line 4.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    5.  $ 

6. Full amount computed for Illinois Estate Tax from website calculator before 
apportionment 
(Lines 3 & 5 from this Form 700 and applied to website calculator.)  . . . . . . . . . .                             6.  $

7. Gross value of decedent’s estate having taxable situs in Illinois, plus
amount added back from prior estate’s Illinois QTIP election . . . . . . . . . . . . . . . .                         7.  $

8. Gross value of decedent’s estate wherever located (Line 1, Form 706),
plus amount added back from prior estate’s Illinois QTIP election  . . . . . . . . . . . .                           8.  $

9. Percent of estate having taxable situs in Illinois
(Line 7 divided by Line 8.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   9.    %

10. Amount of tax attributable to Illinois
(Line 6 multiplied by Line 9. Also enter on Line 1 in Recapitulation.)  . . . . . . . . . .                          10. $ 

In the case of a decedent who was a resident of this State at the time of death, all of the transferred property has a tax
situs in this State, including any such property held in trust, except real or tangible personal property physically situated
in another state.

In the case of a decedent who was not a resident of this State at the time of death, the transferred property having a
tax situs in this State, including any such property held in trust, is only the real estate and tangible personal property
physically situated in this State.

RECAPITULATION

1. Amount of tax payable to Illinois
(Schedule A Line 10 or Schedule B Line 10.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 1.  $

2. Late filing penalty
(5% of tax for each month or portion thereof - maximum penalty 25%.)  . . . . . . .                                  2.  $

3. Late payment penalty (1/2 of 1% of tax for each month
or portion thereof - maximum penalty 25%.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                 3.  $

4. Interest at 10% per annum from 9 months
after death until date of payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .        4.  $

5. Total Tax, penalties and interest payable
(Total of Lines 1, 2, 3 and 4.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .    5.  $

6. Prior Payment
(Attach explanation.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.  $

7. Balance due
(Line 5 minus Line 6.)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7.  $

                 STATE OF ILLINOIS ESTATE & GENERATION SKIPPING TRANSFER TAX RETURN - PAGE 4

FILING AND PAYMENT INSTRUCTIONS

For decedents dying2 prior to 202, see the Returns previously           posted on the Attorney General’s website covering the
specific year of death.

For persons2dying in 202, the Federal exemption for Federal estate tax purposes is $1                         2060, ,000.  The exclusion 
amount for Illinois estate tax purposes is $4,000,000. The exclusion amount operates as a taxable threshold and not
as a credit against tax due. If an estate’s gross value exceeds $4 million after inclusion of adjusted taxable gifts, an
Illinois Form 700 must be filed, whether or not a federal return is required by the Internal Revenue Service. The estate
representative should prepare and submit the Illinois Form 700 with a Federal Form 706, including all schedules,
appraisals, wills, trusts, attachments, etc. If an estate is not federally taxable and does not wish to submit a Form 706,
the information may be presented in an alternate format as long as all necessary information is included. (See Ill.
Admin Code tit. 86, §2000.110.) The Illinois estate tax will be determined2               using an interrelated calculation for 202
decedents. The calculator at the Illinois Attorney General’s website (www.illinoisattorneygeneral.gov) may be used for
this computation. To determine tax due, insert the amounts from Lines 3 and 5 of Schedule A or B, Form 700. Please
note that the Calculator will not perform the computation unless amounts are entered into both fields.

When the tentative taxable estate plus adjusted taxable12,060,000gifts exceeds $                          the Illinois Estate Tax Return, Form
700, must include a copy of the Federal Form 706 with all schedules and attachments.

For both resident and nonresident decedents, a preliminary tax prior to apportionment should be calculated assuming
all assets are located within Illinois. (Line 6, Schedule A or B, Form 700). The apportioned tax can then be determined
by multiplying that figure by the ratio of Illinois assets to total assets.

Illinois QTIP election (Qualified Terminable Interest Property):

For persons dying January 1, 2009 and after, the estate may make a QTIP election for Illinois purposes which is in
addition to any Federal QTIP election. The Illinois QTIP must be elected on a timely filed Illinois return by checking the
election box (pg. 2, box 4), inserting the dollar amount of the QTIP election, and providing the social security number
of the surviving spouse. An itemized list of property included in the Illinois QTIP should be submitted with the return.
The Illinois QTIP election will follow Federal statutes and rules for treatment of such elected property passing to the
surviving spouse and inclusion for Illinois purposes on any Illinois Estate Tax Return of the surviving spouse, except
as to the application of the Illinois Religious Freedom Protection and Civil Union Act to parties of a civil union for
Illinois estate tax purposes.

THIS RETURN MUST BE FILED WITH THE ILLINOIS ATTORNEY  GENERAL WITHIN NINE                                              (9) MONTHS OF THE
DATE OF DEATH.       For Cook, DuPage, Lake, and McHenry Counties, file the original of the return with the Office of
the Attorney General, Revenue Litigation Bureau, 100 West Randolph Street, 13th Floor, Chicago, Illinois 60601. For
all other counties, file the original of the return with the Office of the Attorney General, Revenue Litigation Bureau, 500
South Second Street, Springfield, Illinois 62701.

PAYMENT OF ALL  TAXES, INTEREST AND PENALTIES MUST BE MADE P                                        AYABLE  TO THE ILLINOIS STATE
TREASURER WITH THE “ILLINOIS STATE TREASURER EST ATE TAX PAYMENT FORM”                                                 AT THE ADDRESS
DESIGNATED THEREIN.

ALL PAYMENTS MUST BE MAILED TO OR DEPOSITED WITH THE ST ATE TREASURER IN ORDER TO BE
CREDITED WITH TIMELY PAYMENT.

                                           Printed by authority of the State2of Illinois. (Revised: 07/2)
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