Financial Planning

Jul 25, 2024

Print Share

How financial advisors can serve clients diagnosed with dementia

Financial Planning as published an article written by Daniel Brockley, head of content at Vanilla, on the crucial role financial advisors can play in helping clients and their families navigate the challenges of dementia.

 

Drawing from personal experience, Daniel writes:

 

“Financial planning is a game of ‘what if.’ We plan for fluctuations in the market, for business buying and selling, for education, for retirement — even for premature death. But one scenario we tend to overlook, maybe because it’s so utterly painful to consider, even harder than the idea of death for many, is dementia. And it’s an area where financial advisors can have an enormous impact.”

 

In his article, Daniel highlights several key points:

 

• The importance of initiating open conversations about dementia early on
• The need to act swiftly in updating estate planning documents
• Understanding the nuances of different types of power of attorney
• Considering dementia-specific advanced directives
• Implementing strategies to protect clients from elder abuse
• Providing support that extends beyond financial matters

His story provides valuable insights and resources that can help advisors better serve clients facing the complex challenges associated with dementia.

 

[…]

Read more: How financial advisors can serve clients diagnosed with dementia

[Daniel Brockley for Financial Planning]