This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer.

If you have a family, you may be inclined to take certain steps to protect them financially. One of those might be buying life insurance. Another might involve coming up with a plan to pass your assets on to your heirs as smoothly as possible.

To that end, you may want to consider using a living trust instead of simply writing a will. Here are a few reasons why a living trust might be a great solution for you.

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Source Fool.com