Tuesday, June 10, 2014
- Incapacity is on a sliding scale and not an all-or-nothing situation
- This is a frequently occurring situation with 5.4 million people currently suffering from dementia
- Client incapacity brings serious risks and issues to the advisor, including possible lawsuits
- It is important to watch for sudden changes, especially in important documents
See Steven Podnos, Dealing with Client Incapacity, Wealth Management, June 2, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.