Countless people will tell you that a significant reason behind them working hard and accumulating wealth is because they want to be able to leave a nice inheritance for their family. It's a common aspiration, including for myself.

Unfortunately, the process isn't always as straightforward as most people would like. This is especially true for people without a living trust. A living trust is a legal arrangement that makes the inheritance process smoother, more private, and more efficient.

For anyone planning to pass on an inheritance, it's wise to consider a living trust. Here are three reasons why.

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Source Fool.com