Protecting Senior Clients from Elder Financial Abuse

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

August 10, 2016 at 1:30 PM

Working with elderly clients can present a unique set of challenges. For one, seniors are a major target for elder financial abuse and fraudulent schemes. For another, they have a different mind-set than that of younger generations. They are more fearful of risk, but also tend to be more trusting and, therefore, more susceptible to abuse.

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Topics: Estate Planning

Changing Your Client's Irrevocable Trust: What Are the Options?

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

April 13, 2016 at 1:30 PM

Irrevocable trusts have a variety of uses and benefits—to help avoid estate taxes, create a legacy for future generations, or provide financial support for a disabled family. Whatever the purpose, grantors enjoy tremendous flexibility when designing an irrevocable trust. But once that trust is in place, the ability to adjust its direction is often limited by rigid rules. As a result, over time, a trust’s initial purpose may no longer align with the intentions of the grantor and/or the interests of the beneficiaries.

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Topics: Estate Planning

3 Questions to Save Your Client’s Estate Plan

Posted by Rose Watson, JD, MSEL

April 12, 2016 at 10:00 AM

When clients come to your office to review their financial plans, including their plans for their estate, they may bring a general sense of what they want the plan to accomplish, a few outdated documents, and a belief that everything must be good for at least another five years. As a result, they often resist your efforts to check up on the health of their estate plan. Sound familiar?

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Topics: Estate Planning

3 Asset Protection Strategies: Which Is Right for Your Client?

Posted by Rose Watson, JD, MSEL

April 6, 2016 at 1:30 PM

Asset protection strategies can be used for a variety of purposes. Perhaps you have clients who work in high-risk professions. Others could be seeking divorce protection. Or perhaps they simply want to protect themselves against an unforeseen accident or unfortunate circumstance. But how can you help your clients decide which strategy best meets their needs?

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Topics: Estate Planning

The Advisor’s Role in Estate Planning (It’s Not Just for Attorneys)

Posted by Justin C. Duft, JD, CFP, MSFS, CLU, ChFC, CLTC

April 5, 2016 at 10:00 AM

If you’re like many advisors, maybe you’ve avoided talking with your clients about estate planning since it’s a matter best handled by attorneys. But the truth of the matter is that while licensed attorneys are necessary to create legal documents, they often let tax avoidance drive the estate plan and don’t follow up to see that the plan is properly funded. What happens to your clients then?

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Topics: Estate Planning

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