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

Estate planning is one of those things that's extremely important, yet kind of tough to do. After all, it's not easy to contemplate a time when you may not be around for your family.

But it could bring you comfort to know that you're setting your loved ones up with a nice inheritance if that's something you can swing. And to that end, you have options for passing wealth down to future generations.

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Source Fool.com