Working with Disabled Clients and a Client’s Disabled Family Members
The Cannon Estate Planning Teleconference Series provides a monthly forum for professionals to connect and collaborate. Topics relate to current events impacting the Wealth Management and Estate Planning industries.
Each monthly Teleconference is approved by national organizations and associations for Continuing Education and CLE. Over 80% of all state CPA and Bar associations consistently view this program as a Continuing Education main stay.
Increasing longevity has led and continues to lead to a greater potential for individuals to become disabled before death. Estate planners face a unique, additional layer of complexity in representing clients who are disabled themselves or who have beneficiaries who are disabled. Careful planning for the transfer and preservation of wealth can make the difference for a disabled individual between a secure financial future and a train wreck.
The following issues and challenges, among others, arise in this context:
- Recognizing and dealing with a client's disability
- Lawyer's duties to a disabled client
- Designing an estate plan in anticipation of disabled beneficiaries
- Special needs trusts