Michael: Living trusts are the muse for nearly all estate plan. Depending on the size and composition with the estate, additional estate planning could be necessary. Therefore, there are ILITs (irrevocable life insurance trusts), FLPs, LLCs, GRATs (grantor retained annuity trusts), CRTs (charitable remainder trusts), and the entire host of other estate planning options. You can start by avoiding these mistakes: being transaction-centered rather than client-centered; not listing your ...