Avoid Probate in the Inland Empire, Minimize Taxes while Maintaining Total Privacy, Management & Control Over Your Assets With Living Trust Generally, people have two misconceptions about estate planning. The first big misconception most people have is that Estate Planning is only for individuals with large estates. The second big misconception is many people mistakenly think that estate planning only involves the writing of a will. In fact, everyone needs an Estate Plan whether you have a large or small estate. A good estate plan, however, must consider, you, your family, friends, other people you know, and, your favorite charitable organizations. The process of estate planning also involves your finances, taxes, your health and business planning. A will is only a small part of your Estate Planning process. A well prepared estate plan requires other considerations and documents as well to fully and properly address your specific situation. It should address management and control of your assets and how they are titled, and your future needs in case you ever become unable to care for yourself. Through estate planning, you can establish: