U.S. tax laws provides a single tax credit which allows you to make gifts during your lifetime and to transfer estate property tax free up to a specific amount. The amount is adjusted for inflation. For 2017, it is $5.49 million. It is $40,000 more than the 2016 total.
Most people's estates will not rise above this amount and most people will avoid federal estate taxes. However, an estate can grow quickly, and you want to make sure that you have a professional by your side to help you. It is never too early to start planning your estate.