A successful business owner, Sam along with his wife and three children have the following in assets and liabilities $250,000 RRSPs for Sam and Sam's wife has $100,000 in RRSPs; Corporate account jointly held worth $1,000,000 They are 43 years old and there children are 10.8 and 6 years old They own their home worth $450,000 and have a mortgage of $250,000 Use the six essential components of financial planning to provide sound financial advice to the clients. The components are Estate planning; Tax planning Investment planning Insurance management Retirement planning Cash management A successful business owner, Sam along with his wife and three children have the following in assets and liabilities $250,000 RRSPs for Sam and Sam's wife has $100,000 in RRSPs; Corporate account jointly held worth $1,000,000 They are 43 years old and there children are 10.8 and 6 years old They own their home worth $450,000 and have a mortgage of $250,000 Use the six essential components of financial planning to provide sound financial advice to the clients. The components are Estate planning; Tax planning Investment planning Insurance management Retirement planning Cash management