Written by: Christopher N. McGann, Esq.

Filing the United States Estate and Generation-Skipping Transfer Tax Return form, Federal Form 706, is not just reserved for those decedents whose gross estate (calculated as gross assets plus lifetime taxable gifts) is greater than the lifetime exclusion amount (currently $11,700,000.00). There are a number of practical considerations, however, that may make filing a Form 706 beneficial, if not almost obligatory. Here are some examples to consider.