Question: 3. Why do small estates (less than $5,000,000) need estate planning? 4. What are the advantages of a revocable trust? What are the disadvantages of

3. Why do small estates (less than $5,000,000) need estate planning? 4. What are the advantages of a revocable trust? What are the disadvantages of a revocable trust? 5. Why would you use an ILIT? 6. What is a third-party special needs trust and why would it be used? 7. What is a Crummy provision and why is it necessary? 8. What are the benefits of a charitable remainder trust

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