medium · Certified Financial Planner Estate Planning
The Brennan family planner identifies that a proposed estate strategy is mathematically optimal but would require the planner to ignore a client's specific instruction to avoid all complex trust structures.
According to the CFP Mindset hierarchy, what is the correct action?
- Reject the mathematically optimal strategy because it violates a binding constraint (H7).
- Proceed with the trust strategy but provide full disclosure of the complexity to manage the conflict.
- Present the optimal strategy first to fulfill the duty of competency, then offer the simpler alternative.
- Ask a colleague to present the strategy to avoid a breach of the duty of loyalty.
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