There is a $5.25 million estate and gift tax exclusion currently available, but with lower exclusion limits being floated as part of future tax reform discussions, owners of oil and gas properties should still be thinking about their estates. Proper estate planning produces many benefits that can exceed the costs by thousands or even millions of dollars.

In this issue of The Pipeline, we look at:

-       First steps in an estate plan

-       Gifting assets

-       Transferring minority interests in closely held entities

-       The effect of discounts

-       Splitting assets

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