Kristen, a CFP practitioner, reviewed a new clients financial plan that was developed eight years ago. Her client has subsequently inherited $7 million, acquired property that is not mentioned in his/her will, and is showing signs of early dementia. What should Kristen do to help her client?

		Accompany her client to an appointment with an accountant to obtain estate tax advice
		Fill out a durable power of attorney document downloaded from a website
		Accompany her client to an appointment with his/her estate planning attorney.
		Add a beneficiary to his will for the newly acquired property.

5 points

QUESTION 5

1-5. Roger, a CFP practitioner, met with his client, Martha, shortly after her husband died. Martha wants to remove her husband as the beneficiary of her revocable trust and life insurance policy and replace the beneficiary with her son, Rick. Martha also wants to change the agent of her power of attorney to her son Rick. What actions can Roger take to help his client?

		Roger can make changes to all of the documents himself if a notary witnesses the changes.
		Roger can assist Martha in completing a change of beneficiary form from her life insurance company.
		Roger can make a beneficiary change to Marthas revocable trust directly on the trust instrument.
		Roger can make a beneficiary change to the durable power of attorney if Martha witnesses the change.