On Dec. 17. 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (the Act). The Act significantly impacts the estate planning that advisors will recommend to their clients, as well as the way planners will practice now and in the future. This article, briefly describes the Act’s key estate, gift and generation-skipping transfer (GST) tax changes, since many other Trusts & Estates articles have previously covered these topics. Our focus is on the Act’s current and future influence on estate planning practices.