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

Many people could confuse living trusts and living wills. Indeed, their names are quite similar and they involve the same broad, and perhaps uncomfortable, topic of what to do about you and your assets if you die or become unable to make those decisions.

They're also both important legal documents that can go a long way to ensure your wishes are met when that time comes. Together, they can be key parts of a broader plan to meet the realities that are coming your way sooner or later.

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Source Fool.com