A client has come to you seeking financial advice in the 2022 taxation year. His parents have recently passed away and he is the executor of their estate. The client is the sole beneficiary per the will. Below are other details:

Scenario

CLIENT INFORMATION Age of Client 27

Total $ Inherited $65,000

Current Credit Card Balance (Personal) $5,000 (Interest Rate of 24.9%)

Current Taxable Income $50,000 (2022 Tax Year)

Next Year's Expected Taxable Income $135,000 (2023 Tax Year)

TFSA Room Available in 2022 $25,000

RRSP Room Available in 2022 $30,000

CLIENT'S SPOUSE INFORMATION

Age of Spouse 24

Current Taxable Income $3,000 (2022 Tax Year)

Next Year's Expected Taxable Income $4,000 (2023 Tax Year)

TFSA Room Available in 2022 $25,000

RRSP Room Available in 2022 $15,000

CLIENT'S SON INFORMATION

Age of Son 4

Current Taxable Income $0 (2022 Tax Year)

Next Year's Expected Taxable Income $0 (2023 Tax Year)

Required: #1) Before the client uses the estate assets for his own purposes, what must he obtain first?