{"id":1647,"date":"2021-06-06T12:00:00","date_gmt":"2021-06-06T12:00:00","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1647"},"modified":"2021-06-07T02:40:28","modified_gmt":"2021-06-07T02:40:28","slug":"how-estate-planning-creates-value-for-generations","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/how-estate-planning-creates-value-for-generations\/","title":{"rendered":"How Estate Planning creates value for Generations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1647\" class=\"elementor elementor-1647\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10e65c2c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"10e65c2c\" 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-475c3a71\" data-id=\"475c3a71\" 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-712cf0f elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"712cf0f\" 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-79179a49 elementor-widget elementor-widget-text-editor\" data-id=\"79179a49\" 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;\" aria-level=\"1\"><strong>In simple terms, your estate plan defines who receives what and when, after you step out of the picture.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>In the absence of an estate plan, the relevant succession act will be enforced, which will be time-consuming and the outcome may not be as per your wishes.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>A clear and elaborate estate plan leaves no room for ambiguity over who gets what and hence any disputes over inheritance can be avoided.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Setting up a trust for your children\u2019s future is the best way to ensure that these funds are out of bounds for any creditors.\u00a0<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Last but not the least, an estate plan is the key to creating generational wealth.<\/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-1d9534ae elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1d9534ae\" 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-4fea86f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fea86f\" 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-adce5af\" data-id=\"adce5af\" 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-5fbfc37 elementor-widget elementor-widget-text-editor\" data-id=\"5fbfc37\" 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;\">Covid-19 has suddenly made us aware of our own mortality. Although we have always known that nothing is certain except death (and taxes, if we quote Benjamin Franklin), we are often reluctant to think about it and understandably so. However, it\u2019s important that we don\u2019t let the unpleasantness of the thought prevent us from putting the necessary measures in place to protect our loved ones, should this eventuality come to pass.\u00a0 Afterall, we spend our lives caring for our loved ones, so wouldn\u2019t we want to ensure that they are taken care of even if we are not around? That\u2019s exactly <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/heres-why-you-should-do-your-estate-planning\/\"><span style=\"font-weight: 400;\">why estate planning is required<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\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-d11bb18 elementor-widget elementor-widget-text-editor\" data-id=\"d11bb18\" 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;\">In today\u2019s post we\u2019ll be exploring the benefits of estate planning in much more detail. But before that, let\u2019s get the basics out of the way.\u00a0<\/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-fe60c8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fe60c8c\" 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-94f28b7\" data-id=\"94f28b7\" 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-b129f67 elementor-widget elementor-widget-heading\" data-id=\"b129f67\" 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\">Basics of Estate Planning\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-976c63f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"976c63f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0e1f0c1\" data-id=\"0e1f0c1\" 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-b861191 elementor-widget elementor-widget-text-editor\" data-id=\"b861191\" 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 plan is the plan according to which your estate &#8211; which is the money and assets you\u2019ve accumulated over the years &#8211; will be distributed to your beneficiaries after you pass on. Your beneficiaries will comprise the people or organisations you care about. In simple terms, your estate plan defines who receives what and when.<\/span><\/p>\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-63d80e5 elementor-widget elementor-widget-text-editor\" data-id=\"63d80e5\" 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;\">One of the common myths is that only the wealthy have enough possessions to do estate planning. Actually, almost all of us have an estate and all of us should be aware of what constitutes our estate. All of our financial assets (e.g. bank balance, insurance, investments), tangible personal assets (e.g. car, artwork, jewellery), immovable property (e.g. house, land, farms) and intellectual property (e.g. royalties) form part of our estate.\u00a0<\/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<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8471a43\" data-id=\"8471a43\" 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-7401cb8 elementor-widget elementor-widget-image\" data-id=\"7401cb8\" 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=\"686\" height=\"634\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png\" class=\"attachment-large size-large wp-image-1669\" alt=\"basics of estate planning\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png 686w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2-300x277.png 300w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/>\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<div class=\"elementor-element elementor-element-0438dba elementor-widget elementor-widget-text-editor\" data-id=\"0438dba\" 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;\">Besides, if at all one feels that they don\u2019t have enough wealth, it is all the more important that all they have is immediately accessible to their family in any unfortunate event. And that will only happen if they have done the necessary 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-1c0aacd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c0aacd\" 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-1cbe28e\" data-id=\"1cbe28e\" 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-9601252 elementor-widget elementor-widget-heading\" data-id=\"9601252\" 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\">Benefits of Estate Planning for Generations<\/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-3a71d96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a71d96\" 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-0fca7f4\" data-id=\"0fca7f4\" 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-d45a89c elementor-widget elementor-widget-heading\" data-id=\"d45a89c\" 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\">Ease of asset distribution as per you wish\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5e7743 elementor-widget elementor-widget-text-editor\" data-id=\"c5e7743\" 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;\">Having a well thought-out estate plan ensures that your assets are distributed amongst your beneficiaries in the fastest and easiest way possible. In the absence of a detailed estate plan, your family will have to wait for the relevant succession act (which may be based on the deceased\u2019s religion or Indian Succession Act 1925) to be enforced which will be time-consuming and the outcome may not be as per your wishes.<\/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-ba18736 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba18736\" 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-e6327c7\" data-id=\"e6327c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d0f4791 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0f4791\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6b721cb\" data-id=\"6b721cb\" 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-04b2962 elementor-widget elementor-widget-heading\" data-id=\"04b2962\" 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\">Resolution Of Family Disputes \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f189a8 elementor-widget elementor-widget-text-editor\" data-id=\"3f189a8\" 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>A clear and elaborate estate plan leaves no room for ambiguity over who gets what and hence any disputes over inheritance can be avoided. Your will must include in great detail the proportion in which all your assets are to be divided amongst various beneficiaries. Not only will it ensure a peaceful distribution of assets amongst your family, it also protects the assets from any future claims from unwanted parties.\u00a0<\/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<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7ac63f8\" data-id=\"7ac63f8\" 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-8acc2f6 elementor-widget elementor-widget-image\" data-id=\"8acc2f6\" 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=\"625\" height=\"372\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-1.png\" class=\"attachment-large size-large wp-image-1650\" alt=\"asset distribution in family\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-1.png 625w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-1-300x179.png 300w\" sizes=\"(max-width: 625px) 100vw, 625px\" \/>\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\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-0c1ac8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0c1ac8f\" 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-11e7690\" data-id=\"11e7690\" 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-00371c3 elementor-widget elementor-widget-heading\" data-id=\"00371c3\" 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\">Protection From Creditors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d13943 elementor-widget elementor-widget-text-editor\" data-id=\"0d13943\" 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>One of the most important purposes of estate planning is to secure the future of your children. And that includes not just leaving behind sufficient funds for them, but also protecting those funds from your creditors, should there be any outstanding liabilities. Setting up a trust for your children\u2019s future is the best way to ensure that these funds are out of bounds for any creditors. As a bonus, trust funds also help to minimise taxes, which we will address in a separate article. Be sure to appoint a trustee that has the best interests of your family at heart.<\/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-b349a81 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b349a81\" 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-dc34eca\" data-id=\"dc34eca\" 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-eb628d0 elementor-widget elementor-widget-heading\" data-id=\"eb628d0\" 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\">Creation of generational wealth\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a244dd2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a244dd2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7065507\" data-id=\"7065507\" 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-8d2458b elementor-widget elementor-widget-text-editor\" data-id=\"8d2458b\" 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;\">Last but not the least, an estate plan is the key to creating generational wealth. For efficient transfer of wealth, one must use appropriate instruments such as buying life insurance to pay off outstanding debt, setting up a trust to protect one\u2019s families\u2019 interests, and writing a will to detail the distribution of assets. All of these put together will not only enhance the inheritance amount, but will also help to protect your wealth from getting lost in disputes or going into the hands of untrustworthy parties. Overall, you can be assured that your future generations will end up better off.<\/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<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-be44368\" data-id=\"be44368\" 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-6c2ae4b elementor-widget elementor-widget-image\" data-id=\"6c2ae4b\" 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=\"563\" height=\"435\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image1.png\" class=\"attachment-large size-large wp-image-1640\" alt=\"creation of generational wealth\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image1.png 563w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image1-300x232.png 300w\" sizes=\"(max-width: 563px) 100vw, 563px\" \/>\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\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-cd7d92f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cd7d92f\" 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-b1d2f1e\" data-id=\"b1d2f1e\" 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-3e24488 elementor-widget elementor-widget-heading\" data-id=\"3e24488\" 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<div class=\"elementor-element elementor-element-d629eab elementor-widget elementor-widget-text-editor\" data-id=\"d629eab\" 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 enables a smooth settlement of financial matters for your grieving family. Most importantly, it ensures peace of mind for yourself knowing that you have protected the interests of your loved ones. Looking at it in this perspective may help to overcome the gloominess of the topic and spur you to start thinking. No one knows what the future holds, so we must take the preemptive steps for the repercussions of any curveball life may throw at us. And to ensure that we are taking appropriate measures, we must gain knowledge, make informed decisions and seek help from professionals where needed. So, stay tuned to learn more about estate planning and how we can help you with it!<\/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 In simple terms, your estate plan defines who receives what and when, after you step out of the picture. In the absence of an estate plan, the relevant succession act will be enforced, which will be time-consuming and the outcome may not be as per your wishes. A clear and elaborate estate plan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1669,"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":[33],"tags":[],"class_list":["post-1647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png",686,634,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2-300x277.png",300,277,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png",686,634,false],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png",686,634,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png",686,634,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/06\/image2-2.png",686,634,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":4,"uagb_excerpt":"Key Takeaways In simple terms, your estate plan defines who receives what and when, after you step out of the picture. In the absence of an estate plan, the relevant succession act will be enforced, which will be time-consuming and the outcome may not be as per your wishes. A clear and elaborate estate plan&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1647","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=1647"}],"version-history":[{"count":15,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1647\/revisions"}],"predecessor-version":[{"id":1673,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1647\/revisions\/1673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1669"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}