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My name is Patrick Munro, financial adviser, we're talking about conflict of interest relative
to estate planning. It's important when you're doing your financial planning to make sure
that you keep arms length from the people that are providing the financial advice to
you and you make sure that they don't get caught up in the family unit. Many times there's
been isolated experiences where elderly people especially will make their financial adviser
their beneficiary and many times those individuals will benefit at the time of the passing of
the client. You want to make sure that there are no conflicts of interest relative to the
people that are giving you the advice and the ultimate outcome of your estate plan.
You want to make sure that there are sufficient firewalls that are monitored by an elder planning
attorney, to make sure that all parties that are involved in the estate plans interests
are being protected at all times. And in fact, if those interests change, that there's appropriate
estate plan to reflect those changes in the family unit going forward. Conflicts of interest
can also occur when an individual is selling you an investment that may have a hidden agenda
that would benefit that individual and harm your estate. It's very important that you
work with an elder planning attorney and a financial adviser that will make sure that
those interests of your estate and the money are all kept separate and succinct so that
you too will have a, a successful estate plan. My name is Patrick Munro and we're talking
about conflicts of interest relative to estate planning.