"With 18 months until the latest extensions on Bush-era tax cuts run out, financial planners agree that if you want to pass your wealth to future generations, the worst thing is to do absolutely nothing."
In this article, "The End of the Line on Bush-Era Tax Cuts is Approaching," published in the Boston Business Journal on July 22, 2011, Mintz Levin attorney Kurt Steinkrauss is quoted discussing the opportunity for individuals to take advantage of the federal exemption for estate taxes and other transfer taxes while they still can.