Never have I received so, many phone calls and emails concerning the same tax subject. What subject? the new estate tax law.Confusion and uncertainty reign!Here are some of the typical questions: (1) "My estate plan is done. Must I change it because of the new law?" (2) (This I-read-or-heard question, or some variation, is the most common question) "Everything I read and hear (on the radio, TV, at seminars and from my lawyer or other professional advisors) says the new law will be changed. Should I wait for the changes?". (3) "How much will the new law cut my taxes?" (4) "I want to transfer (give or sell) my business to my kids. What effect does the new law have?"Almost all of the other questions are some variation or combination of the above. What is most interesting is that most callers have a good understanding of what the new law does. They just don't know what to do about it.
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