The article discusses gifting techniques that are suggested to be taken advantage of by taxpayers and advisors before the passage of a legislation which will revert back federal estate and gift tax exemption to 1 million U.S. dollars in 2013. Techniques described, among others, include annual exclusion gift, paying for certain expenses, applicable exclusion amount, loan forgiveness, family limited partnership (FLP), grantor trusts and grantor retained annuity trust (GRAT).