easy · Certified Financial Planner General Principles
Ms. Holm, a long-time client, asks her CFP® professional to draft a complex irrevocable trust document to protect her assets from potential creditors.
How should the planner respond according to Rank 3 of the Decision Hierarchy?
- Recommend Ms. Holm consult with a qualified estate planning attorney
- Draft a summary of the trust provisions for the client to sign
- Draft the trust document using a reputable software template
- Disclose that the planner is not an attorney and then provide the draft
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