Write a 700- to 1,050-word paper that addresses the following items from the case study:
· Apply financial planning concepts to advise Carol and explain how Carol can benefit from financial planning. Describe the benefits of using financial statements in financial planning.
· Utilize and explain strategies that Carol can use to increase her net worth. How does this affect her cash flow?
· Describe the sources available for asset management.
· Compile a list of legal protections that can be used to protect Carol’s assets.
· Using the information provided for Carol create a balance sheet and cash flow statement. Estimate Carol’s overall net worth.
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