2012 was a remarkable and unique year for estate planning. The gift tax exemption in 2012 was $5 million inflation adjusted but there were great fears that Congress would let the exemption drop to $1 million in 2013. As a result there was a flood of gift planning done in 2012. Although many years have passed most of that planning remains in place as it was irrevocable. What should be done to evaluate and monitor that wave of planning. Many of the planning points are applicable to gift and irrevocable trust planning created in any year.