There is no Estate Tax for the year 2010 and it has made estate planning for Large Estates uncertain. A bypass trust can be created to maximize an estates exemption for federal estate tax and the generation skipping tax. A directed trust can add an additional trustee that manages the trust’s investments. A Crummey trust is a device which allows gifting to children while keeping control of those funds until a certain age. A life insurance trust can make the proceeds of a life insurance policy become exempt. Creating a family limited partnership can help reduce taxes through discounting while reducing any liabilities. There are many other devices, such as gifting, to help minimize estate tax liability. Gregory Wright will specifically tailor these devices to your estate to help you achieve minimal exposure to estate taxes.