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Creating and actualizing an appropriate succession plan is currently of essential significance to most families. It is of particular importance when there are noteworthy assets such as properties, bank accounts, companies, death-in-service benefits, gratuity payments, life insurance, and, any other investments or family resources in place. Most of the families do not have a WILL written to advise how assets ought to be dispersed, in case of death. Incorporating a succession plan in place is fundamental for each and every individual and corporates.