Due to the potential sunset of the Tax Reform Act of 2010 coupled with
the 2012 elections, Congress will need to make changes to the Internal
Revenue Code regarding Estate, gift and generation-skipping taxation.
Not unlike the changes made in 2001 and 2010, these changes will bring
uncertainty in this area of planning. Understanding the transfer tax
system together with case law developments is important to all
practitioners in properly advising their clients.