Incapacity Planning and the Role of a Financial Advisor
Overview
The importance of incapacity planning for clients with a financial portfolio and the role the financial advisor plays in encouraging clients to ensure that they have planned appropriately.
As the population ages, the concepts of mental incapacity and substitute decision making become more and more relevant in our society. As our population is living longer, more and more people suffer from loss of capacity to some degree or another. As professional advisors, we play an important role with regard to incapacity planning.
This practical & informative session will provide an overview of the following topics:
- Incapacity – the legislative framework
- The importance of incapacity documents for your client before they lose capacity
- Decision making and diminished capacity
- A case law update; and
- The role of the financial advisor in relation to incapacity planning.
Learning Outcomes:
Attendees can expect:
- To understand the legal framework relating to legal capacity,
- the documents that are required,
- the importance of proper timing,
- the concept of diminished capacity and
- the things that a financial advisor needs to be aware of and in tune with.
Suited to:
Financial planners and Accountants
Possibly also lawyers (particularly those starting out in this area).
This On Demand includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter’s PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
Course syllabus
3 lessons
- Video – Incapacity Planning and the Role of a Financial AdvisorVideo
- FeedbackSurvey
- Knowledge TestTest
Your presenter
Adeline Schiralli,Keypoint Law
Consulting Principal/Accredited Specialist (Wills & Estates)
Adeline is an accomplished estate planning and elder law solicitor with extensive experience developing comprehensive and practical estate plans that suit the individual circumstances of her clients. Adeline is a Consulting Principal at Keypoint Law and holds a Masters of Law (Applied Law) in which she majored in Wills and Estates. She is a member of the NSW Law Society’s Elder Law, Capacity & Succession Committee and was also listed in the Doyle’s Guide 2021 & 2021 as a “Recommended Solicitor” in the category of Wills, Estates and Succession Planning. Adeline is also a NSW Law Society Accredited Specialist in Wills and Estates. Adeline is a committee member of the NSW Law Society’s Elder Law, Capacity & Succession Committee and the current Chair of the NSW Law Society’s Wills & Estates Accredited Specialist Advisory Committee.
Adeline is adept at advising clients on matters including the implementation of wills (particularly sophisticated testamentary trust wills), powers of attorney and enduring guardianships, superannuation death benefit nominations and properly gifting the control of entities (including private companies and/or trusts) to the appropriate person(s) in the event of death and/or incapacity. Adeline can also assist clients in relation to the administration of a deceased persons’ estate and regularly advises clients in relation to retirement village contracts and aged care agreements.
Adeline is passionate about obtaining peace of mind for her clients in relation to their estate planning and elder law needs, and regularly presents seminars to other solicitors, professionals and to members of the public in the area of wills, estates and elder law. Her approach is underpinned by her commitment to achieving peace of mind for her clients in relation to their wills, estate planning and elder law needs. She has a “no-nonsense” style to advising clients in all aspects of wills, estates and elder law and her attention to detail is exemplary. Adeline takes a holistic approach to estate planning and works closely with her client’s other advisors (accountants, financial planners, business advisors etc.) to best achieve her client’s objectives.