Advisers are seeing some challenging and difficult scenarios with clients in the current situation. When times are tough, or when life brings up unique challenges, it is often an adviser that guides their client through these difficult scenarios.

Bankruptcy concerns are becoming very real for many clients in the succession planning space.

More clients are concerned with the risk of having their family assets exposed to a bankruptcy during their lifetime, or the risk that the beneficiaries of their estate may have an inheritance exposed to creditors.

This is a particular concern for clients with partners and children in high-risk occupations, such as professionals and directors of companies, as they can be personally liable for debts owed by their business or negligence claims.