A lot of financial planning puzzles would be much easier to solve if we knew our clients’ date of death. That idea of knowing when the inevitable will happen often elicits a chuckle from people because it is so clearly not something we know. But some clients have a dramatically heightened sense of when their lives will end. A diagnosis for a terminal illness is no laughing matter and presents a myriad of financial planning issues to address.

At a recent study group meeting, we had the privilege of spending some time with Carolyn McClanahan, an M.D. and CFP.  McClanahan is known in the financial planning profession for her ability to educate financial planners in a non-political way about the biggest issues facing our health-care systems.  She has been the go-to source for many on the good, the bad and the ugly of the Affordable Care Act. She is also leading the charge to equip and empower planners to better serve clients near the end of their lives.

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From the Will, Trusts, and Estates Professional Blog e-newsletter,