Planning for and Managing Diminished Financial Capacity in Clients

Are you ready to help a client whose ability to make financial decisions is starting to decline? Join us on December 2 for practical guidance on how to prepare for and navigate these challenging situations with sensitivity and confidence. Diminished capacity often shows up first in a person's financial life, which puts CFP® professionals in a position to demonstrate extraordinary value for clients of all ages and at every stage of life.

This free webinar will address:

• Two new requirements for Financial Planning engagements that include monitoring: Within a reasonable time of beginning the engagement, the CFP® professional must give the client the opportunity to designate one or more trusted contacts and must also recommend that the client develop an appropriate estate plan, which may include a durable power of attorney.
• How the Duty of Confidentiality, which has no built-in exception for diminished capacity, makes preparation for diminished capacity in clients especially important.
• Red flags for diminished capacity and warning signs of financial exploitation.
• Techniques for managing an engagement once the client shows signs of diminished capacity, including communication practices to facilitate understanding and measures that may help protect the client’s assets.

You'll leave this webinar equipped with practice tips and best practices drawn from CFP Board's soon-to-be published Guide to Planning for and Managing Diminished Financial Capacity in Clients.

This informational webinar, which is part of CFP Board’s ongoing Guidance Webinar Series, does not offer CE credit.

Panelists:

• Carolyn McClanahan, MD, CFP®, Life Planning Partners, Inc.
• Leo Rydzewski, JD, CAE, General Counsel, CFP Board
• Brian Wong, JD, Assistant General Counsel, CFP Board