While the Unified Tax Credit (UTC) remains a central part of estate planning, a new approach to it--in two major ways--may be necessary. First, the UTC should be viewed as a tax-saving asset of the estate. Second, the benefit of the UTC is not only its transfer tax saving value. Income tax savings acquired through effective use of the UTC can provide additional benefits for a client. This effective use includes employing discounting techniques to leverage the value of assets passed below the UTC, and moving future value out of a taxable estate through sensible use of the UTC.