By: Susan Goldberg / May 4, 2018 / Advisor.ca
Read more and see what Scott Plaskett says about HELP CLIENTS DESIGN END-OF-LIFE PLANS
A critical diagnosis can often spur clients to clarify their financial priorities. But clients—and their advisors—shouldn’t wait for shattering news from a doctor before discussing either bucket-list goals or end-of-life financial planning.
Ideally, those conversations are built into the overall planning process, says Scott Plaskett, senior financial planner and CEO at Ironshield Financial Planning in Toronto. Naming beneficiaries and creating documents such as wills and powers of attorney are obvious entry points to discussing end-of-life goals and care, he says, but those topics should be integrated into series of frank, holistic discussions about clients’ goals, values, fears and desires.
