Trusts & Estates
How Naming a Family Financial Assistant Makes Handling the Clients Affairs Easier for Everyone Involved
By: Timothy B. Borchers, Esq.
Timothy B. Borchers reccomends that clients in the 65 to 70 and older age range select a member of the family who would be their go-to person to learn the ropes and eventually assist them on financial matters. This person is not a fiduciary and has no liability per se – he or she does not have power of attorney and is not a trustee, though the person most often is the individual that has been chosen to fill such roles. The thinking here is that the Assistant is first identified as a helpmate to become involved if not right away, perhaps in the not-too-distant future, to keep the client out of the financial abyss of their later years.
To learn more about the benefits of a Family Financial Assistant, please fill out the form below.
Topics
Complete the form to get your free guide
Related Resources
2024 Estate Planning Awareness Week - Free Marketing Package
Get free access to the 2024 Estate Planning Awareness Week marketing package with customizable blog content and letters so you can reach out to current and prospective clients, as well as referral sources, without having to spend hours creating original content from scratch.
Learn More
2024 Estate Planning Industry Trends Report
Don't miss your chance to stay at the forefront of the estate planning industry. Download the full report for free by submitting the form on this page, and be well-prepared for current opportunities and challenges.
Learn More
WealthCounsel Quarterly, Volume 18, No. 3—Client-Focused Planning Considerations
This issue of the WealthCounsel Quarterly highlights some essential but often overlooked estate planning documents that young adults should have in place as they venture outside their parents' homes to establish independent lives, whether starting their first year of college or beginning careers.
Learn More