{"id":1262,"date":"2020-10-11T13:25:51","date_gmt":"2020-10-11T13:25:51","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1262"},"modified":"2020-10-18T15:50:35","modified_gmt":"2020-10-18T15:50:35","slug":"heres-why-you-should-do-your-estate-planning","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/heres-why-you-should-do-your-estate-planning\/","title":{"rendered":"Here\u2019s why you should do your estate planning"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1262\" class=\"elementor elementor-1262\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-450ced25 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"450ced25\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d63f78f\" data-id=\"6d63f78f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-743c2c62 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"743c2c62\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cefdb00 elementor-widget elementor-widget-text-editor\" data-id=\"4cefdb00\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key Takeaways<\/strong><\/p><ul><li style=\"font-weight: 400;\"><strong>An estate plan determines how an individual\u2019s savings and assets get distributed after their passing.<\/strong><\/li><li style=\"font-weight: 400;\"><strong>Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy.<\/strong><\/li><li style=\"font-weight: 400;\"><strong>Estate planning enables you to distribute your assets &#8211; irrespective of your net worth &#8211; to your loved ones in accordance to your preference, ensure that your young kids are protected and that family disputes are prevented. <\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ea27306 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2ea27306\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-be6584c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be6584c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c37c4d\" data-id=\"5c37c4d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e2dbb7 elementor-widget elementor-widget-text-editor\" data-id=\"5e2dbb7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We are covering a topic that\u2019s still considered taboo, but it is a necessary one to be addressed. We put in a lot of hard work to earn money, grow it and accumulate assets. We also focus on using these resources to upgrade our lifestyle and fulfil our dreams. But do we spare a thought to what happens to our hard earned money and assets after we are gone? What happens to our loved ones? Often, by nature, people avoid thinking, and as a result, planning for such eventualities.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8f55151 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8f55151\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf703ad\" data-id=\"bf703ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddac59d elementor-widget elementor-widget-text-editor\" data-id=\"ddac59d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">While it is understandably not a circumstance any of us would like to think about, making sure we protect our loved ones with the appropriate amount of <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/life-coverage-the-most-important-financial-product-youll-ever-buy\/\"><span style=\"font-weight: 400;\">life insurance cover<\/span><\/a><span style=\"font-weight: 400;\"> and proper estate planning is critical. In this blog post, we delve into the latter and discuss why estate planning is important for everyone, not just the wealthy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-18e05cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"18e05cf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64e8ef4\" data-id=\"64e8ef4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27ae3cb elementor-widget elementor-widget-image\" data-id=\"27ae3cb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"844\" height=\"631\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png\" class=\"attachment-large size-large wp-image-1282\" alt=\"\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png 844w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1-300x224.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1-768x574.png 768w\" sizes=\"(max-width: 844px) 100vw, 844px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f36caa1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f36caa1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-57e34a4\" data-id=\"57e34a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d47c36e elementor-widget elementor-widget-heading\" data-id=\"d47c36e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is estate planning?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0471f70 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0471f70\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34e223c\" data-id=\"34e223c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e0ca83 elementor-widget elementor-widget-text-editor\" data-id=\"2e0ca83\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An estate plan makes provisions for bequest i.e. how an individual\u2019s savings and assets get distributed after their passing. Not only does it ensure that your loved ones get what you leave behind, it also allows you to allocate resources for the causes that you care about, even after your demise.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-96fc1f1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"96fc1f1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78c10b8\" data-id=\"78c10b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36ec5db elementor-widget elementor-widget-text-editor\" data-id=\"36ec5db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The process starts with determining your net worth by listing out all your assets and liabilities. You then need to determine how your assets will be managed and who will carry out your estate plan &#8211; typically done by your lawyer or trusty of choice. Finally, you need to make the all important decision of who gets what.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-56028ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"56028ea\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0535eec\" data-id=\"0535eec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-66c8086 elementor-widget elementor-widget-heading\" data-id=\"66c8086\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why is it often ignored by most people?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c998a7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c998a7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e58c0b7\" data-id=\"e58c0b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-724a6fb elementor-widget elementor-widget-text-editor\" data-id=\"724a6fb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Estate planning is often ignored by most people because they are focused on the things that happen while they are still alive and what happens after they are not around is often not on their priority list. This may partially be because in the society we live in, it is considered a taboo topic that is not discussed openly.\u00a0 People also hold the erroneous notion that you need to be a high net worth individual or have a lot of assets to distribute in order to justify estate planning.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dcf983c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dcf983c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60845be\" data-id=\"60845be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f8586e8 elementor-widget elementor-widget-heading\" data-id=\"f8586e8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why estate planning is critical for one and all<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5be0e7e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5be0e7e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3f3799\" data-id=\"c3f3799\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b06e82 elementor-widget elementor-widget-text-editor\" data-id=\"8b06e82\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">People are slowly beginning to recognise that estate planning is not about the amount of assets one has but the need to adequately plan for the aftermath of one\u2019s passing. In simple terms, it is important <\/span><span style=\"font-weight: 400;\">for one and all, and not just the wealthy. Say your assets are a modest stock portfolio and a residential property, it is still important to specify who gets what percentage of each asset for a number of reasons. Some of the key benefits include:<\/span><\/p><ul><li style=\"font-weight: 400;\"><b>Protecting your loved ones<\/b><span style=\"font-weight: 400;\">: Estate planning ensures that all your assets are documented and that you can assign them between the different beneficiaries as per your preference. This can be as simple and straightforward as drafting a <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/w\/will.asp\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">will<\/span><\/a><span style=\"font-weight: 400;\">. Without this, your loved ones might have to spend years in court proceedings and large sums of money on legal fees to receive what they are due to receive, putting families &#8211; especially those with young kids or old parents &#8211; in a financially strenuous situation.\u00a0<\/span><\/li><li style=\"font-weight: 400;\"><b>Protecting young children<\/b><span style=\"font-weight: 400;\">: In the unfortunate circumstance that someone with young kids passes away, the courts might have to decide who acts as the children\u2019s guardian which might not be as per your preference and may worsen the ordeal for the children. Proper estate planning empowers you to appoint the right guardian for your kids and provide guidelines as to how they should be cared for, so you can have peace of mind that they will always be looked after.\u00a0<\/span><\/li><li style=\"font-weight: 400;\"><b style=\"font-style: inherit;\">Preventing family disputes<\/b><span style=\"font-size: 15px; font-weight: 400;\">: In the case where multiple beneficiaries may be involved, such as more than one kid or sibling, the situation can potentially get ugly. One beneficiary might feel they deserve a larger share of the assets or that they should be in-charge of the finances, leading to potential conflicts. Estate planning enables you to prevent these situations, allowing you to decide who gets what and who is incharge.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5486655 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5486655\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7ea92cf\" data-id=\"7ea92cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c4a01dd elementor-widget elementor-widget-image\" data-id=\"c4a01dd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"671\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image1-1-768x671.png\" class=\"attachment-medium_large size-medium_large wp-image-1284\" alt=\"\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image1-1-768x671.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image1-1-300x262.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image1-1.png 910w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-339f4ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"339f4ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9980bac\" data-id=\"9980bac\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5cc97be elementor-widget elementor-widget-heading\" data-id=\"5cc97be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7e4b3bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7e4b3bb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af1f225\" data-id=\"af1f225\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e13cc46 elementor-widget elementor-widget-text-editor\" data-id=\"e13cc46\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It is important that we as a society and as individuals prepare adequately for what happens in the aftermath of our passing to shield our loved ones as much as is in our control. Estate planning can make a huge difference to those that you leave behind and care about dearly in these unfortunate eventualities. It ensures your beneficiaries are aware of all your assets and understand how to manage them and mitigates the potential of any disputes and conflicts.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Invest a short amount of your time to take care of your family by taking this simple yet critical step.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Takeaways An estate plan determines how an individual\u2019s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets &#8211; irrespective of your net [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png",844,631,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1-300x224.png",300,224,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1-768x574.png",768,574,true],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png",844,631,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png",844,631,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2020\/10\/image2-1.png",844,631,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":4,"uagb_excerpt":"Key Takeaways An estate plan determines how an individual\u2019s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets &#8211; irrespective of your net&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1262"}],"version-history":[{"count":5,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1262\/revisions"}],"predecessor-version":[{"id":1296,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1262\/revisions\/1296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1282"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}