The 2010 Tax Act is a game changer (for two years anyway). While everyone seems focused on the new $5 million exemption and portability, take a look in your rearview mirror and reevaluate your clients' existing insurance plans.

While it is certainly important to reassess the formula clauses in a client's will (which direct how some estate assets will be distributed) and consider new gift planning, that is not sufficient. Every prior plan, trust and insurance policy should be thoroughly reviewed.

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