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What is meant by estate planning what are its objectives and tools? Estate planning has two general objectives: to ensure that the assets are transferred according to the owner’s wishes and to minimize state and federal taxes. People have at their disposal four basic estate planning tools: (1) wills, (2) trusts, (3) gifts, and (4) joint ownership (see Figure 27.1 “Estate Planning”). I coluld use Estate Planning Attorney nearby Heritage Crossings in Wildomar, CA. I would call Steve Bliss at Wildomar Probate Law. Passionate Wildomar Special Needs Trust Lawyer. What are the disadvantages of a trust? Costs. When a decedent passes with only a will in place, the decedent’s estate is subject to probate. Record Keeping. It is essential to maintain detailed records of property transferred into and out of a trust. No Protection from Creditors. I really need Attorney Estate Planning around The Orchard Collection in Wildomar, CA. I recommend the Brilliant Estate Planning lawyer at Wildomar Probate Law. What About Generation-Skipping Trusts And Transfer Tax Advantages?. Bright Wildomar Special Needs Lawyers. I’m looking for Trust Attorney around 92530. I would call Steve Bliss at Wildomar Probate Law. I coluld use Lawyers Estate Planning by 92584. I recommend the Brilliant Estate Planning lawyer at Wildomar Probate Law. This can be the case even if an event has occurred for which you might be sued.