As baby boomers retire, advisors can expect to see more clients who are beginning to lose their cognitive acuity or are suffering from dementia-related diseases, such as Alzheimer’s. The legal challenges such clients raise for advisors can be significant. Clients suffering from cognitive decline may request transactions that are out of character, or worse, not in their best interests.
In BIC's latest issue, Margarida Correia writes about these challenges and shares tips from advisors and legal experts. Here are their top tips.