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It was expected that Congress would enact legislation pertaining to the U.S. Federal estate, gift and GST tax laws for transfers in 2010, and, possibly, make such legislation retroactive to January 1, 2010. To date, Congress has not taken any such action. As matters now stand, there is no U.S. Federal estate or GST tax imposed on transfers in 2010, but the U.S. Federal gift tax still applies. The current state of affairs has given rise to tax planning opportunities that may be available, but only through the end of 2010.