Our sister publication, Trusts & Estates magazine and Trustsandestates.com, is covering the Heckerling Institute on Estate Planning down in Orlando this week; it's one of the most prestigious tax and estate planning conferences in the country. T&E reports that Carlyn S. McCaffrey, a partner at Weil, Gotshal & Manges and chair of its Estate Planning practice group, spoke today about “Formulas to Protect Against Transfer Tax Risk.” According to T&E Online, "She told the conference attendees that her focus will be how the transfer tax risk of valuation uncertainty can be effectively eliminated by the use of formula clauses that define the amount of property being transferred. She hopes that planners will learn to use the formula clauses routinely in most cases when lifetime transfers of hard-to-value assets are being made."