Paul Hechinger

Adult children’s money needs can threaten retired parents’ financial security.

Advisors should be aware of the pitfalls in advising clients to retire in other countries.

The time for advisors to discuss cognitive impairment is when clients are still healthy.

Assisting the elderly in resisting financial abusers is often challenging because the perpetrators may be the clients' own relatives.

Instruction should focus on the specific needs of the elderly, including how to spot and deal with cognitive decline or financial abuse.

You're a financial advisor, not a doctor, but if you're advising older clients, you need to be able to spot cognitive declines.

Cognitive and health issues can make meeting with older clients more difficult. Here are some tips to help advisors break down communication barriers.

Cognitive and health issues can make meeting with older clients more difficult. Here are some tips to help advisors break down communication barriers.

You need professional liability insurance even if you don't make any mistakes.

There’s no one-size-fits all insurance policy against cybercrime, so you’ll need to look carefully at individual policies and how they fit your needs.

Planners are often required to use encryption, which can be a powerful tool to protect private information. But advisors have to understand the basics and how to get their clients - and staff - on the same page.

Understanding regulatory and compliance responsibilities about cybercrime can go a long way in preparing planners to face the threats.

Clarity and even-handedness go a long way during a time when clients may especially need advice, say advisors who have grappled with warring spouses and matrimonial lawyers.

Professionals or any high-net-worth clients who might face lawsuits can often benefit from setting up overseas trusts, a meaningful deterrent when overzealous plaintiffs come knocking at the door.