On Wednesday, President Obama released his FY 2014 budget which calls for $3.8 trillion in spending over the next fiscal year and $1 trillion in tax increases over the next 10 years.

Among the proposals in the budget plan, President Obama proposes a return of the estate tax to the law in effect in 2009, which changes would go into effect beginning in 2018.  If this proposal is adopted, it would be a quick end to the “permanency” of the transfer tax law that was enacted at the end of last year.