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're reading this, there's probably little reason to remind you of the importance of having a legal document in place that outlines what to do with what you had. You know it's vital, unless you want to leave it up to someone else what happens when you leave it all behind.

There are a lot of options here. Each has its advantages and disadvantages, and all have their place in a comprehensive approach to distributing your material wealth in the ways you see most fit. They can also work alone.

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Source Fool.com