The recent fiscal cliff tax deal has had significant effects on how people are planning their estates. The most significant aspect of the fiscal cliff deal is the estate tax. The new legislation keeps the exemption for the estate tax at $5.12 million, which is now permanent and can be moved between spouses. There was also an increase in tax rates for higher income people in Florida as a result of the new tax deal. These factors have made a significant difference in people’s estate planning strategies, especially those in higher income brackets….