Question B3 Clients: A married couple, Martin and Maggie Wong, with a one-year-old son. Personal Background Martin Wong Age Occupation Employment history Job security Monthly income Remarks Maggie Wong Age Occupation 35 Marketing manager Multinational IT company since graduation High HK$38,000 Frequent travel to Mainland China required Martin and Maggie have married for 15 years and have a one-year old son, Tommy. Their parents are all aged 65 retired, healthy and financially independent. The couple own a residential property which is a 400-square feet flat. It is now worth $6 million. The amount of outstanding mortgage loan is $4.25 million with a remaining term of 20 years. Assets Other Assets Savings account Deposit Personal assets Maggie Securities Total Other Assets 35 Household wife Maggie is a household wife since marriage. Securities and the property are owned in the name of Martin only. The below is the balance sheet of the Wong's family. Balance Sheet of Martin and Maggie Wong as of 31 March 2020 $ Liabilities Non-liquid Assets Property MPF account-Martin Total Non-liquid Assets Total Assets Account in Jockey club - Maggie Credit card - Martin Credit card - Maggie 50,000 170,000 230,000 Mortgage 450,000 Total Liabilities 6,000,000 200,000 6,200,000 Net Worth 6,650,000 Total Liabilities and Net Worth 65.230 25,120 66,250 4,250,000 4.406,600 2,243.400 6,650,000 equired: Recently, Martin plans to add Maggie name in his assets in tenant in common while it offers some unique advantages over single ownership, especially in estate planning. Advise Martin any TWO issues that he should consider before taking the action. SHOT (Total 9 marks) AI DUAL CAMERA