Jeff Mobley prepared the attached summary of estate, inheritance and gift tax facts. The chart provides various exemptions and rates under federal law and Tennessee law for 2011 and future years.

As you will see from the chart, Tennessee law is very stable. Federal law has another significant change occurring in less than 24 months.

I would like to vote for politicians who will pass stable, predictable, tax laws. When I voted last November, I was unable to find any federal politicians in this category.