Who Else Is in This Plan: Mapping Financial Relationships Beyond the Household

A client’s economic household may extend beyond the individuals listed on the financial plan. Parents may provide childcare while receiving financial support; siblings may share property expenses; adult children may contribute household resources; and other family or chosen-family relationships may create ongoing reciprocal financial dependencies. This course provides a structured method for identifying economically significant relationships, mapping bidirectional resource flows, and determining which relationships should be reflected in planning assumptions.

By the end of this course, you will be better prepared to:

• Identify economically significant relationships that extend beyond a client’s traditional household boundary.

• Map financial and noncash resource flows among individuals who materially affect the client’s financial system.

• Evaluate those relationships to determine which should be incorporated into financial-planning assumptions, dependencies, or scenarios.