THE FIVE GOALS OF ESTATE PLANNING ARE AS FOLLOWS: 1) MINIMIZE INTERFERENCE FROM THE LEGAL SYSTEM (Probate, Administration, Guardianships etc) 2) MINIMIZE TAXATION (Income, Estate & Gift etc) 3) ASSET PROTECTION FOR BENEFICIARIES 4) PROVIDE FOR LONG TERM CARE SO ONE DOES NOT OUTLIVE HIS OR HER MONEY 5) HONOR THE FAMILY DYNAMIC 5) Which of the 5 estate planning goals can be addressed by a Revocable Living Trust? 6) Which of the 5 estate planning goals can not be addressed by a Revocable Living Trust? Why? 7) How does an Irrevocable Trust accomplish the goals not addressed by the Revocable Living Trust? 8) Why would one creating a trust prefer the Revocable Trust over the Irrevocable Trust? 3) Many say that the estate tax is optional due to the Marital Deduction and the Charitable Deduction. What do you think they mean by that