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Michael Haubrich

2018 CSA Conference

 

Michael Haubrich, CFP®, CSA

Financial Service Group, Inc.
President
mikeh@ToYourWealth.com
www.ToYourWealth.com

 

 

Working with Clients Confronting Diminished Capacity

Everyday thousands of baby boomers turn 60 and our country will see a dramatic increase in the number of elderly citizens dealing with age related health, cognitive, and mental illnesses in the next ten years. Professional service providers with long-standing client relationships are often in position to recognize early indicators of diminished physical or mental capacity. Armed with appropriate tools these pros can add peace of mind and expanded services to a growing at-risk demographic.

This session will address the financial implications and the complex communication and human dynamic issues of providing integrated financial life planning to elderly clients with diminished capacity. We will begin with the statistics on aging from a national perspective and explore the warning signs of elder abuse and their associated financial, physical, emotional, and social costs. Recognizing how diminished capacity can lead to abuse, we'll provide a tool for professionals to use to help ensure their clients are less vulnerable and we'll share a communication methodology that engages the entire family in a frank dialogue with the loved one as a full participant.

Learning Objectives

  1. Increased awareness and sensitivity to issues professionals often see related to aging from case studies on how to recognize diminished capacity and potential elder abuse.
  2. Discover the hard and soft costs families experience when reduced capacity becomes apparent.
  3. Access financial planning and communication tools that enable financial planners to better serve the complex issues of elder clients and family members.

About Michael

Michael P. Haubrich is the founder and president of Financial Service Group, Inc., a fee-only financial life planning firm located in Mount Pleasant, Wisconsin celebrating its 35th year.

Mike is the author of Career Asset Management: Getting Ahead, Staying Ahead and Using Your Head to Maximize your Career Value. He specializes in working with clients and their families in addressing the unique financial and other planning needs in later-life and for those with developmental disabilities. He earned his Certified Financial Planner™ designation in 1986 and is also a Certified Senior Advisor.

Mike is the board president for Lakeside Curative Services and previous board member of Career Industries, agencies serving the needs of people with disabilities in southeast Wisconsin. He is the past-president of the UW-Parkside Foundation Board, the Racine/Kenosha Estate Planning Council and the FPA of Wisconsin.  He holds his sport pilot license and enjoys flying his light-sport aircraft.

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