The Martins have decided to set up an appointment with Michael, a CFP professional and an experienced financialplanner, to get their finances in order. Up to this point, the Martins had been making their financial decisions as theneed arose without a comprehensive strategy. In addition, they believe that their life insurance coverage is inadequateand they need to update their will due to the birth of their second child, Zachary. Lately, they have been spendingindiscriminately with very little set aside for savings and investment. What should be the first step that Michael shouldtake in working with the Martins?

A$.$

The Martins should consult with their life insurance agent about purchasingadditional policies.

B$.$

The Martins should review their wills with the attorney recommended by theirfinancial planner.

C$.$

The Martins should start an investment plan with their broker.

D$.$

Michael should assist the Martins in preparing a budget.