The purposes of estate planning are to ensure that Wills, Trusts, and Powers of Attorneys exist, reflect the client’s current wishes, and minimize estate taxes. Many people assume that estate planning is only about saving estate taxes. Consequently, they often ignore estate planning because they assume that their estate is too small to be taxed. Yet increased home value, larger life insurance policies and larger retirement accounts often make estates more vulnerable to taxes than their owners may realize. In fact, everyone needs an estate plan that it is much more about taxes.