Making core changes to your practice; working with elderly clients' families; dealing with mental capacity; seniors and technology; and more from the Mid-February 2015 issue of Investment Executive newspaper.
Nathan Kupusa has built a firm dedicated to guiding seniors through their financial decisions and other aspects of their lives. Solutions for Aging provides advanced wealth planning as well as a range of lifestyle planning services
"Know your client" takes on new meaning when the person sitting across from you is a senior whose mental capacity may be diminished. Declining mental and physical capacity as well as estate-planning and family issues raise a host of red flags
There are several tax credits that may be useful to your senior clients, at both the federal and provincial levels. In addition, many tax credits - such as the pension income credit or the disability tax credit - are transferable between spouses
Tech Tips: There are several ways that standard personal computers can be adapted to provide special support for seniors who are less comfortable with technology. These options can help your senior clients - and you - deal effectively with their financial affairs
Many advisors incorrectly assume their senior clients are unable to qualify for life insurance. But many clients in their 60s and 70s are insurable - and can take advantage of a life policy as a lucrative, tax-efficient, estate planning tool