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Is there a fiduciary obligation for professional advisors to discuss life settlements with their senior clients?

April 26, 2017advisors clients discuss Fiduciary life obligation professional Senior settlements

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Is there a fiduciary obligation for professional advisors to discuss life settlements with their senior clients?

2 Answers

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We believe insurance professionals, CPAs, registered reps, estate planning attorneys and financial advisors should be aware of the life settlement option. Although a life settlement may not be the best solution for every senior, there are cases where it is a prudent decision. In such instances, the professional advisor will want to have done their due diligence on the life settlement marketplace and be capable to articulating the advantages to the senior client, along with any tax implications.

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Posted

We believe insurance professionals, CPAs, registered reps, estate planning attorneys and financial advisors should be aware of the life settlement option. Although a life settlement may not be the best solution for every senior, there are cases where it is a prudent decision. In such instances, the professional advisor will want to have done their due diligence on the life settlement marketplace and be capable of articulating the advantages to the senior client, along with any tax implications.