Mitt Romney unveiled his economic package today in the Wall Street Journal. Obviously tax reduction was a central theme, including eliminating the estate tax. So, we are back to where we were in the early 2000’s when Bush and Gore squared off. The current estate tax exemption of $5 million is set to expire on 12/31/12. So, where we go from here is still up in the air. Our advice is to go ahead and lock in the $5 million exemption today by creating a trust for the benefit of your spouse. If estate tax is repealed, you lose nothing. If estate tax stays around, you will be glad your locked in the exemption, at low stock and real estate values.