Dealing with Incapacity as a Wealth Advisor
IFB Member: $18
Non-Member: $23
Incapacity is a growing issue for wealth advisors to deal with. This presentation is focused on reviewing incapacity from the perspective of wealth advisors and will deal with:
- What incapacity is and how to spot it, including the presumption of capacity.
- The incapacity tools available, such as: Powers of Attorney, Representation Agreements, Mandates in Anticipation of Incapacity, Alter Ego Trusts, and Joint Partner Trusts.
- Issues surrounding financial institutions, including regulatory obligations, trusted contact persons, trading authorities, processes for dealing with substitute decision-makers (such as attorneys for property), requiring and reviewing medical evidence, and when a financial institution can refuse to accept instructions from an attorney.
- Dealing with non-financial assets such as real property and private corporations.
- Dealing with powers of attorney and guardianship orders from other jurisdictions.
IFB Members:
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