New Estate Tax Exemption Question Title * 1. Do you work in the field of wealth management or estate planning? Yes No OK Question Title * 2. What advice are you giving your clients who have wealth over $ 5 million about using their new increased Federal estate and gift tax exemption of $11.2 million? They probably should use their gift tax exemption now before it's too late. They probably should wait to use it at death to get maximum effect of the basis step up. There is no urgency right now given the 2025 sunset date, so I say wait and see. Other (please specify) OK Question Title * 3. If you chose "use it now" in Question 2, please let us know why. I'm worried the exemption may be changed before the expected sunset date of Dec. 31, 2025. I'm worried some of my clients may not be able to change their estate plans before the sunset date. Other (please specify) OK Question Title * 4. In Question 2, if you chose "use it when they die," please tell us why. The value of the basis step up and estate tax savings is too great to pass up. N/A Other (please specify) OK Question Title * 5. If your clients make gifts over $5.1 million today, are you concerned they'll owe additional taxes due to a potential "clawback" of the exemption? Yes No OK Question Title * 6. If the Democrats regain control of the House of Representatives in the 2018 mid-term elections, do you feel it's likely that the Federal estate and gift tax exemption could be reduced prior to 2025? Yes No OK Question Title * 7. Due to the temporary nature of the 2017 tax act, do you feel more or less compelled to advise clients with wealth between $5 and $22 million to use their exemption now or to wait? More compelled Less compelled No difference OK Question Title * 8. Due to the temporary nature of the 2017 tax act, do you feel more or less compelled to advise clients with wealth over $22 million to use their exemption now or to wait? More compelled Less compelled No difference It depends If you said "it depends," please explain OK Question Title * 9. What do you think will happen to the Federal estate and gift tax exemption after December 31, 2025? It will be increased significantly It will be decreased significantly No change The estate tax will be repealed OK Question Title * 10. Who do you think will win the next Presidential election in November 2020? Donald Trump Another Republican Bernie Sanders Another Democrat A third party candidate OK DONE