The “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010″ has now been signed into law. With regard to estate taxes, this law sets the estate tax exemption at $5 million through 2012. The tax rate on the non-exempt portion is 35%. But, it is unknown what will happen in 2013; the new law has a sunset provision, so without any changes by Congress, the estate tax exemption will revert to $1 million, at 55%, in 2013.