In January 2013, Congress increased and made permanent the exemption of $5,000,000 per donor, indexed for inflation for gift, estate and generation skipping tax purposes. However, this did not eliminate the necessity for ongoing estate planning. In reality, planning for many has been, and may continue to be, a function of personal feelings as well as tax considerations. Formulas in existing documentation could now likely produce unintended results, unnecessary complexity and undesired restrictions. Accordingly, this documentation should in all cases be reviewed. Ultimately, your documents may require revision or replacement in an effort to accommodate more flexible planning to satisfy your intended objectives.