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October 23, 2013

On Death and Dying, and Advisors

by The 401k Study Group ®

When two physicians spoke at FPA Experience on what terminally ill people worry about, and how advisors can help them, advisors listened.

Chuck Hammond, PPC, CMFC‘s insight:

 “Communication During Advanced Illness: Addressing Client Needs” — was presented by Carolyn McClanahan, MD and CFP, and Anna Wright, also an MD (and a mentor of McClanahan, she revealed during the session). Among McClanahan’s points were the importance of advanced directives, the “beauty” of hospice care and that clients with terminal illness worry most about money. Specifically, they worry about how to finance their health care, how to keep the family’s finances from being devastated during that care, and how to manage their financial and other affairs as the illness progresses.

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