Expert insights on estate tax planning, Form 706 filing requirements and potential changes to exemption limits.

Patrick J. Felix III, a lawyer with Patenaude & Felix in Pittsburgh who was attending the conference, noted that there are several steps consumers can take to reduce the cost of preparing Form 706.

Preparing Form 706 is normally a complex task, however, if you are only preparing the form to make the election, the IRS has simplified the process.