Protecting loved ones is often one of the primary goals expressed by California residents. There are many ways in which this goal is accomplished; loved ones can be protected both physically and financially. One way in which they are protected financially is through estate planning and ensuring that asset protection concerns have been addressed.
One of the first steps in estate planning and protecting assets is to make sure that all the necessary documents are in order. Creating a will is an important part of this process. The will should itemize assets and identify to whom these assets should be transferred. For assets that do not have specific beneficiary documents attached to them, a will is the document which indicates beneficiaries.