Answer :
The given image is about the financial plan, in which all the important things have been involved by the person. But still, there is a thing that is being missed and it is the plan in the context of assets protection.
What are assets?
Any resource that a company or other economic organization owns or controls is considered an asset in accounting information. Anything that has the potential to provide positive economic value qualifies.
The financial value that can be turned into cash is represented by assets. Assets include tangible goods like machinery, real estate, raw materials, and inventories as well as intangible property like property rights, royalties, and other copyrights.
There are basically seven types of assets. They are Domestic Equities, Global Equities, Currency, Bond/Fixed Income, Commodities, and Real Estate.
Thus, protection of all such kinds of assets is necessary.
Learn more about assets from here:
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