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Navigating the Long Goodbye: A 3-Part Strategy for Managing Clients With Dementia
When a Client's Behavior Changes: A Guide for Advisors
At some point, most advisors will work with clients who experience cognitive decline. A client experiencing cognitive decline may still be making financial decisions, sometimes with consequences that are inconsistent with their long-term goals or past behavior. Read more to learn that recognizing and responding to those changes is not just a matter of client service; it is part of sound advisory practice.
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Protecting the Portfolio and the Person: Five Critical Moves Aftera Client Is Diagnosed with Dementia
A diagnosis does not mean that a client has lost the ability to make decisions. Capacity is not all-or-nothing. Many clients in the early stages of cognitive decline can still understand and express preferences, even as their abilities begin to change. Read more to discover that during this narrow but important window, the advisor can help the client reinforce their plan, clarify intent, and prepare for the possibility of future decline.
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When a Client's Capacity Is in Question: Managing a Financial Crisis in Real Time
A family member, often a spouse or adult child, contacts you urgently. They are concerned that the client can no longer manage their finances, is making unclear or inconsistent decisions, or is giving instructions that seem out of character. At the same time, the client may still be calling, giving direction, or insisting that everything is fine. Read more to learn that this situation is not theoretical; it is a live conflict between apparent authority and emerging incapacity, and how it is handled can determine both client outcomes and advisor risk exposure.
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MEREDITH | PC
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Flower Mound Texas 75028
214-513-1013
This newsletter is for informational purposes only and is not intended to be construed as written advice about a Federal tax matter. Readers should consult with their own professional advisors to evaluate or pursue tax, accounting, financial, or legal planning strategies.
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