Timothy Borchers, a fellow WealthCounsel member based in Boston, MA, recently wrote an article on the importance of naming a Family Financial Assistant for clients in the +65 year age range. A Family Financial Assistant is an identified, non-fiduciary who helps the client understand and act upon the variety of legal, tax, business, and financial matters. Designating an individual, preferably a knowledgeable family member, serves to prevent financial harm and loss to the value of the ultimate estate.
The article may be found by clicking the following link: WealthCounsel: Naming a Family Financial Assistant
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Submitted by Anna E. Lineberger, Esq.