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Katten

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Citywealth Quotes Joshua Rubenstein on AI, Capacity and the Older Client

Katten Private Wealth Partner and Global Chair Joshua S. Rubenstein shared his views in Citywealth's “AI, Capacity and the Older Client: Who Is Really Giving the Instruction?” The article examines how advisors can confirm that polished, artificial intelligence (AI)-assisted instructions accurately reflect a client's wishes. It places the question against a growing older population and the expected large intergenerational wealth transfer. The article also examines the risks of costly and experimental medical treatments, and electronic wills and will reform in New York and England and Wales. Joshua said that “as life expectancies continue to rise, issues surrounding capacity and undue influence rise exponentially.” He noted that AI can accurately predict increases in Alzheimer's cases, but it cannot predict how susceptible people with diminishing capacity are to undue influence.