The President announced the Amendments to the Estate and Gift Tax Act (the “Act”) on July 1, 2015.  The newly amended Act provides that in the event where the estate tax payment is contemplated to be made by transferring estate properties solely owned by the estate or jointly owned with other owners by the deceased, the heirs may apply  to make the tax payment by transferring such property to the Treasury, provided that there is (1) consent by a majority of the heirs and consent by the heirs representing a majority of the statutory shares, or (2) consent by the heirs representing more than two-thirds of the statutory shares.  In such an event, the requirement for unanimous consent provided under Paragraph 3 of Article 828 of the Civil Code shall not apply.