In a 3-5 page APA formatted paper with a minimum of two references, please address Financial Planning Exercise #2 found in Chapter 15. David and Cheryl Allen are in their mid-30s and have two children, ages 8 and 5. They have combined annual income of $95,000 and own a house in joint tenancy with a market value of $310,000, on which they have a mortgage of $250,000. David has $100,000 in group term life insurance and an individual universal life policy for $150,000. However, the Allens havent prepared their wills. David plans to draw one up soon, but the couple thinks that Cheryl doesnt need one because the house is jointly owned. As their financial planner, explain why its important for both David and Cheryl to draft wills as soon as possibl