No doubt this subject will consume considerable airtime later this month at the Heckerling Institute on Estate Planning, the annual Super Bowl on the subject sponsored by University of Miami School of Law.
Based on the volume of work late last year, lawyers meeting in January in Orlando at the Heckerling Institute on Estate Planning the annual Super Bowl on the subject were predicting that there would be twice as many gift tax returns filed for the 2012 tax year as for the previous one.