Four prime areas of personal financial planning and the elements involved:
Wealth Protection
Income Protection Planning
Asset Protection Planning
Living Trust
Family Protection Trust
Tax Planning
Liability Cancellation Planning
Business Continuation Planning
Risk Management
Managing risk of Double Tragedy
Wealth Accumulation
Investment Planning
Stock Investment
Real Estate Investment
Investment Portfolio Management
Retirement Planning
Children Education Funding
Home Ownership Planning
Vacation Funding
Wealth Management
Tax Planning
Cash Flow Analysis
Net Worth Analysis
Financial Goal Setting
Debt Consolidation
Debt Reduction Plan
Lifespan calculation
Wealth Distribution
Family Maintenance and Medical Trust
Testamentary Trust
Most probably you had gone through some of the elements during your wealth planning process. I provided the list above as a guideline for what you can do with your wealth.
What do you think that I had left out? Please tell me in the comment section.