We all know the life time exemption of estate tax at the present time is 11.58m. But how do you base your estate planning advice to your clients on that when the figure can change down the road? The client that you would be advising probably will not pass away this year in all likelihoods, or next year, or even 10 years later. No one unless that person has a crystal ball can foresee what the life time exemption amount will actually be in the year that this client passes away. What happen if there is no life time exemption at that time and every penny in the estate will be taxed? It seems that any estate planning advice based on the current life time exemption amount is given on a shaky ground.
Thoughts?