Clients are living longer and the years when they hold the most wealth are increasingly the years when their cognitive capacity may begin to decline. Around 10% of people show signs of low cognitive function at age 75, rising to more than 40% in their late 80s - precisely when clients are navigating drawdown and planning the legacy they leave behind.
In this session, Downing will explore one of the most under planned risks in estate planning: the collision of peak wealth and declining capacity. We'll look at why cognitive change is now a foreseeable planning risk in its own right, what Consumer Duty expects of advisers, and how Business Relief can support effective strategies: delivering Inheritance Tax mitigation while clients retain access and control.
Through worked planning scenarios, you'll leave with a clearer framework for identifying the strategies that stay resilient as client engagement reduces. Giving you the confidence to plan not just for the client in the room today, but for the client they'll become.
Learning objectives:
- Understand how peak wealth and declining health coincide in later life, focusing on why cognitive change should be treated as a planning risk.
- Recognise the regulatory environment, including how Consumer Duty requires advisers to anticipate client vulnerability rather than simply react to it.
- Identify which planning strategies remain resilient as a client's ability to engage reduces, and which depend on sustained decision-making, numeracy or administration.
- Articulate how Business Relief can deliver IHT mitigation and how it complements gifting, trusts and earlier family involvement.
Booking process
Once you have booked for this webinar, you will immediately receive a booking confirmation email. You will then be sent a further email around 24-48 hours before the webinar with the link to join from [email protected]