Describe the sources available for asset management.

· 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.