ABSTRACT
The heart of the question includes whether
clients who are affluent, but not going to be
subject to federal estate tax, should maintain
an existing irrevocable trust in view of
the current estate tax law. Closely related
is the question of what the future estate tax
law might be. Predictions on that score are
dicey, especially when one projects a client’s
own life expectancy and tries to match
it with a projection as to future asset values
and the estate tax law.