Estate Planning Pitfall – You haven’t looked at your estate plan in light of estate tax law uncertainty

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Abstract: The 2001 tax act that reduced the top estate tax rate and increased the estate tax exemption over the last several years also repealed the estate tax — for 2010 only. It was expected that Congress would repeal the repeal by the end of 2009, but that didn’t happen. Regardless of what happens, it’s important to review one’s estate plan both now and after Congress takes action.