A loved one s dementia will break your heart Don t let it wreck your finances wprl.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wprl.org Daily Mail and Mail on Sunday newspapers.
Cognitive decline makes people more vulnerable to financial mismanagement and exploitation. A growing body of research is clear financial problems are not just a result of dementia, but can be a predictor.
On today’s episode of The Confluence: Secretary Celeste Trusty from the state’s Board of Pardons explains how the process of applying for clemency has received a major update for the first time in decades; WESA reporter Sarah Boden discusses the challenges families face to manage finances when aging loved experience dementia or other cognitive decline; and a snapshot of fish fry meals from around the city this Lenten season.
The Cooperative Bank in Massachusetts is working with the tech startup Carefull to monitor accounts for signs that older clients are being swindled by scammers including people close to them.
Industry Experts Release Whitepaper On The Realities, Opportunities, And Risks Associated With Diminished Decision-Making Capacity
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Whealthcare Planning announces the release of a whitepaper on diminished capacity that summarizes the current demographic realities, the nature of the risks to financial services firms, the regulatory environment, and the opportunities for firms seeking to better protect their clients - and themselves.
Cognitive Overload
25% or more of a typical wealth management firm’s assets under management are at risk – directly as a result of diminished capacity. BELMONT, Mass. (PRWEB) April 13, 2021 Three financial services and technology experts – all with extensive professional and personal experience devising strategies to protect families and improve financial decision-making – have released a whitepaper that provides a framework for more effective client engagement,