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Case Study - due on NOVEMBER 28 John Monestime (45) is a divorced father of two girls, Natasha (20) who is in third university, and

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Case Study - due on NOVEMBER 28 John Monestime (45) is a divorced father of two girls, Natasha (20) who is in third university, and Anastasia (15) who is grade 10. John works for ABC Company and earns about $120,000 annually but he is also considering starting his own business. ABC Company does not provide for a registered pension plan. John would like to fund Anastasia's university education. Anastasia will stay at home when attending university. He is currently paying Natasha's university costs and would like to cover her master degree, at a cost of about $10,000 annually for two years, when she graduates in 2019. John would also like to go back to school and obtain his PHD in Finance. John is currently renting and would like to purchase a home again, in the next few years. He sold his primary residence and cottage on June 3, 2014. He anticipates that he could afford a house of about $500,000. He would also like to retire at age 65 and generate a gross income of about $60,000 a year indexed to inflation. He would also like to leave his two daughter's estate when he dies, while minimizing taxes upon death. -.--.- .1 .11 n 11.n

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