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 isn't typically atop everyone's to-do list, at least in terms of favorite activities. It can be complicated and fraught with legalities and emotional issues that can make even the most straightforward processes murky.

That said, in terms of being responsible for your own legacy, it's something that should be done sooner rather than later, and a good instrument to consider for distributing your material assets is a living trust.

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Source Fool.com