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3 Reasons To Seriously Consider Using A Living Trust To Pass An Inheritance To Your Family
This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer.
There are many important steps you can take in the course of your estate planning to set your loved ones up financially upon your passing. One big step is to put a life insurance policy in place so that the people who depend on you financially aren't left in the lurch. Another is to figure out how you want to pass assets to your loved ones.
You have a few choices in this regard. Many people opt for a basic will. If your estate is pretty simple, that may be the best option. But you may also want to consider a living trust.
