A financial plan begins with the analysis of a few basic components. These include determining the life plan of the client, time horizon of withdrawal, a risk assessment, financial goals, required income, liquidity requirements and more. A competent financial planner or elder law attorney will be able to put together a financial plan that meets the needs of his or her clients, while minimizing the potential risk of portfolio loss. It is important to meet with several planners or attorney before selecting the one you want to work with. Under no circumstances should you allow yourself to get sold by the first one you meet.