Stepped-Up Basis and Illinois Farmland — The Tax Advantage Most Heirs Miss

Jared Williams, Managing Broker of Archer Realty

Published on: 23/07/2026

When a parent dies holding Illinois farmland, heirs can receive a stepped-up cost basis that eliminates decades of capital gains. Most families do not fully understand how it works.

Recreational Land

What Happens When a Family Farm Crosses Generations Without a Plan in Illinois

Jared Williams, Managing Broker of Archer Realty

Published on: 02/07/2026

59% of Illinois farmland sellers in 2024 were estates. What probate actually costs, how stepped-up basis works, and why the plan has to come before the crisis.

Recreational Land