Certified Financial Planner (CFP) Exam 2025 – 400 Free Practice Questions to Pass the Exam

When a client insists on using an unfamiliar attorney for their estate planning, the most appropriate action for a CFP® professional is to inform the client of potential risks involved. This approach is critical for several reasons.

Firstly, the CFP® professional has a fiduciary duty to act in the best interests of the client. By communicating the potential risks of choosing an unfamiliar attorney—such as the attorney's lack of experience in specific estate planning matters or the possibility of miscommunication regarding the client's wishes—the CFP® helps the client make a more informed decision. The client may not be aware that not all attorneys specialize in estate planning or that certain legal expertise is crucial for ensuring that the estate plan meets their needs and complies with relevant laws.

Moreover, this action fosters open communication and trust between the CFP® professional and the client. It empowers the client to consider their options critically, promoting an informed decision-making process. It is vital that clients feel supported and guided, especially in matters as important as estate planning, where the impacts can be long-lasting.

While contacting the attorney to coordinate information may seem helpful, it does not address the client's choice or the potential risks directly. Refusing to assist the client diminishes the professional relationship and could leave the client vulnerable without guidance