Many of you are aware that for estate tax purposes you can give away (if you want to) up to $13,000 to as many people as you want to every year to try to reduce the value of your estate for estate tax purposes.
I just found out yesterday that after 2013 that $13,000 amount will be increased to $14,000. It's an amount that gets adjusted for inflation but it only goes up when it can be rounded up to the next amount.
So next year it's going from $13,000 to $14,000. Be aware of that as you plan to arrange your affairs to minimize the amount of estate tax that your family will have to pay. Have a great day!