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Americans gave almost $250 billion to charity in 2002. In other words, some people feel strongly about creating an estate the "old fashioned way," allowing someone to inherit it. Unfortunately, such estates may also be too small to provide for families in the way the testator might prefer. Life insurance can help pay for estate taxes and costs on estates large enough to warrant them, but most estates are too small for estate taxes. When set up and managed appropriately, life insurance proceeds can be free not only of income tax (a key benefit of life insurance) but of estate taxes as well. If this occurs, there will still be a need for estate liquidity for estates over this threshold, and life insurance is one of the easiest and least expensive ways of making sure the needed funds are in the right place at the right time. With the current level of federal deficits, it would appear that outright and permanent repeal is less likely, but it is also probable suggested form of relief is to increase the minimum taxable estate to between $3 and $5 million.