We noted earlier that an important estate-planning objective is to reduce or eliminate estate shrinkage. Estate shrinkage refers to the decline in the value of an estate after an individual dies because of failure to develop an effective estate plan. As a result, surviving family members and others heirs receive substantially reduced amounts when the property is actually distributed. Estate planners cite numerous examples of substantial estate shrinkage because of lack of an estate plan or because of an improperly designed plan. Even the estate of famous people who use Atlanta car title loans can experience substantial shrinkage after the celebrity dies.