One of the main reasons I work hard and try to generate wealth is to be able to pass it on to my loved ones when I'm no longer with them. I know I'm not alone in this sentiment, either. Countless people will tell you the same thing.

Unfortunately, this process isn't always straightforward because there are multiple ways to approach it. Many people are familiar with wills, but there are other ways of passing on an inheritance, such as a living trust. The latter might not be the best option for everyone, but it has key benefits you shouldn't overlook.

Here are three reasons to consider a living trust for those in the estate planning process.

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Source Fool.com