When a client starts to show signs of dementia or Alzheimer an estate planner may be put in a difficult position concerning what action to take. However, there are a few simple steps that every adviser should take in that situation. First, always consult with company policies established for such an event and with supervisors who might be in a better position to take action. Planners should also have all key documents gathered together in advance so that any guardian that might be appointed will have access to all key financial information. These steps, taken along with others, should help ensure that the client is protected in their time of need.
See Dave Lindorff, What to Do When Clients Show Signs of Dementia, Financial Planning, May 19, 2015.
