Skip to content
AICPA-CIMA
  • AICPA & CIMA:
  • Home
  • CPE & Learning
  • My Account
Journal of Accountancy
  • TECH & AI
    • All articles
    • Artificial Intelligence (AI)
    • Microsoft Excel
    • Information Security & Privacy

    Latest Stories

    • Executive turnover slows, but AI strategy remains unclear
    • Use Excel dynamic arrays to build a revenue-testing schedule that auto-refreshes
    • Optimize Windows 11 with these 8 settings tweaks
  • TAX
    • All articles
    • Corporations
    • Employee benefits
    • Individuals
    • IRS procedure

    Latest Stories

    • Expansion gives millions of entities access to business tax accounts
    • IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says
    • Ways to de-risk concentrated stock portfolios
  • PRACTICE MANAGEMENT
    • All articles
    • Diversity, equity & inclusion
    • Human capital
    • Firm operations
    • Practice growth & client service

    Latest Stories

    • GASB proposes guidance on infrastructure assets
    • FASAB announces new chair, new board structure
    • Executive turnover slows, but AI strategy remains unclear
  • FINANCIAL REPORTING
    • All articles
    • FASB reporting
    • IFRS
    • Private company reporting
    • SEC compliance and reporting

    Latest Stories

    • SEC proposes amendments to small entity definitions
    • Key signals from the SEC-PCAOB conference point to a busy new year
    • New SEC chair to CPAs: ‘Back to basics’
  • AUDIT
    • All articles
    • Attestation
    • Audit
    • Compilation and review
    • Peer review
    • Quality Management

    Latest Stories

    • Audit report card: More internal audit teams suffered cuts in 2025
    • Auditing Standards Board proposes changes to attestation standards
    • Change at the top: PCAOB will feature new chair, 3 new board members
  • MANAGEMENT ACCOUNTING
    • All articles
    • Business planning
    • Human resources
    • Risk management
    • Strategy

    Latest Stories

    • Audit report card: More internal audit teams suffered cuts in 2025
    • Optimism, while tempered, is up among finance leaders
    • AI early adopters pull ahead but face rising risk, global report finds
  • Home
  • News
  • Magazine
  • Podcast
  • Topics
Advertisement
  1. newsletter
  2. Cpa Insider
CPA INSIDER

Financial planning for clients who have suffered traumatic brain injuries

These types of injuries can be among the most difficult to plan around.

By Julie Papievis and James Sullivan, CPA/PFS
September 3, 2019

Please note: This item is from our archives and was published in 2019. It is provided for historical reference. The content may be out of date and links may no longer function.

Related

June 17, 2019

Prepare clients for a sudden elder health care crisis

June 10, 2019

What to say to grieving clients

TOPICS

  • Personal Financial Planning
    • Elder, Special Needs & Chronic Illness Planning

Each chronic disease or serious injury presents its own set of financial challenges. For that reason, it’s helpful for CPA financial planners to spend time getting to know the health history of affected clients and the prognosis of the condition they suffer from.

One type of trauma CPAs need to be aware of is traumatic brain injury (TBI). It’s likely that CPA financial planners will have a client, or a client with a family member, who has suffered a TBI. The Centers for Disease Control and Prevention (CDC) estimates that each year there are over 2.5 million TBI-related visits to emergency departments and over 50,000 deaths. Adults age 75 and older have the highest rates of TBI-related hospitalizations and deaths.

A lifetime of careful financial planning can become irrelevant in seconds due to head trauma suffered in a fall or accident. In this situation, as in any sudden health care event or new diagnosis of a serious illness, CPAs need to be prepared to assist clients and their families facing new financial problems due to changing health care needs.

TBI symptoms aren’t always apparent at first glance

Acquired brain injury (ABI) is any injury to the brain that is not hereditary, congenital, degenerative, or caused by birth. Causes include stroke, tumor, and oxygen deprivation. A TBI is a type of ABI. It is caused by trauma to the brain from external force. The CDC defines a TBI as “an injury that disrupts the normal function of the brain.”

A TBI can occur without warning, and at any point in a person’s life. At age 29, Julie Papievis (a co-author of this article) was in a car accident. She suffered a severe brain stem injury. Only 4% of those suffering such an injury survive. And many of those who do survive spend the remainder of their life in a nursing home.

TBI is often seen by many as an “event” that, once treated, requires little ongoing treatment. The impact of a TBI, however, can be lifelong. (Although Papievis, for instance, recovered to the extent where she can walk and compete in triathlons, she still suffers from vertigo and fatigue 26 years after her accident.)

The effects of a TBI are not always evident to the casual observer. Papievis, for example, has sustained permanent damage to her eyesight and nervous system that has made it impossible for her to work full time. Because sufferers often have no obvious symptoms, TBI is often referred to as the “silent epidemic.”

Advertisement

A CPA financial planner will need to know an affected client’s health history to properly plan. Specifically, CPAs must understand the characteristics of their client’s TBI, especially those that aren’t immediately evident, their ongoing care needs, and the impact on their finances.

The impact of TBI on a client’s financial plan

When clients are diagnosed with TBI, they will need a new or revised financial plan, which must consider their prognosis. Each instance of TBI has its own prognosis and the condition impacts everyone differently. A “cookie-cutter” approach is inadequate.

The chart below shows some of the issues that must be considered for a client with a TBI:

tbi-imact-planning

Address clients’ cognitive health concerns

The CPA should also ask the client about future health concerns. Many TBI patients are concerned that they have a greater chance of developing dementia later in life. A dementia, such as Alzheimer’s, can cause the patient’s executive planning functions to deteriorate — making them susceptible to costly financial errors and financial abuse.

Knowing this, the CPA can work on a financial plan to address clients’ fears about cognitive health and the proper management of finances should their fears be realized. For example, does the client have a support network of family and friends nearby? Should the client consider a move closer to their support network? How can the client’s finances be simplified to make them easier to manage should cognitive problems increase?

It can be difficult to put together a financial plan for a client with a TBI, as each TBI patient presents differently even if their underlying injuries are similar. Recovery is very individualized and patients’ financial plans need to take into account those differences.

Julie Papievis is a national speaker on the physical, emotional, and financial impact of TBI. She tells her story in her book Go Back and Be Happy. She can be reached at jp@gobackandbehappy.com. James Sullivan, CPA/PFS, is a financial planner in Wheaton, Ill. He specializes in working with clients suffering from chronic illness. To comment on this article or to suggest an idea for another article, contact senior editor Courtney Vien at Courtney.Vien@aicpa-cima.com.

Advertisement
Advertisement

latest news

April 9, 2026

GASB proposes guidance on infrastructure assets

April 8, 2026

FASAB announces new chair, new board structure

April 7, 2026

Executive turnover slows, but AI strategy remains unclear

April 7, 2026

Expansion gives millions of entities access to business tax accounts

April 3, 2026

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

Advertisement

Most Read

How will accountants learn new skills when AI does the work?
Excel’s Dark Mode: A subtle change that makes a big difference
6 gear recommendations for home office and business travel
Court determines taxpayer lacked profit motive
IRS proposes regulations for Trump accounts, pilot program
Advertisement

Podcast

April 8, 2026

What small firms are getting right about tech and why they’re not alone

April 2, 2026

Liability lessons on documentation, high-profile clients, CAS engagement letters

March 26, 2026

The surprising way one CFO grows her network and her knowledge

Features

Elder fraud rises as scammers use AI
Elder fraud rises as scammers use AI

Elder fraud rises as scammers use AI

How to protect nonprofits from hidden fraud risks
How to protect nonprofits from hidden fraud risks

How to protect nonprofits from hidden fraud risks

Ways to de-risk concentrated stock portfolios
Ways to de-risk concentrated stock portfolios

Ways to de-risk concentrated stock portfolios

How are finance teams really using AI and automation?
How are finance teams really using AI and automation?

How are finance teams really using AI and automation?

SPONSORED REPORT

Tools for finding CAS clients

How to find the right CAS clients

The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.

From The Tax Adviser

March 31, 2026

Current developments in taxation of individuals: Part 1

March 31, 2026

Current Developments in Taxation of Individuals: Part 1

March 31, 2026

Considerations for intergenerational split-dollar arrangements

March 6, 2026

Navigating the Form 1099-DA reporting maze

MAGAZINE

April 2026

April 2026

April 2026
March 2026

March 2026

March 2026
February 2026

February 2026

February 2026
January 2026

January 2026

January 2026
December 2025

December 2025

December 2025
November 2025

November 2025

November 2025
October 2025

October 2025

October 2025
September 2025

September 2025

September 2025
August 2025

August 2025

August 2025
July 2025

July 2025

July 2025
June 2025

June 2025

June 2025
May 2025

May 2025

May 2025
view all

View All

http://JofA_Default_Mag_cover_small_official_blue

PUSH NOTIFICATIONS

Learn about important news

This quick guide walks you through the process of enabling and troubleshooting push notifications from the JofA on your computer or phone.

CPA LETTER DAILY EMAIL

CPA Letter Logo

Subscribe to the daily CPA Letter

Stay on top of the biggest news affecting the profession every business day. Follow this link to your marketing preferences on aicpa-cima.com to subscribe. If you don't already have an aicpa-cima.com account, create one for free and then navigate to your marketing preferences.

Connect

  • X Logo JofA on X
  • facebook JofA on Facebook

HOME

  • News
  • Monthly issues
  • Podcast
  • A&A Focus
  • PFP Digest
  • Academic Update
  • Topics
  • RSS feed rss feed
  • Site map

ABOUT

  • Contact us
  • Advertise
  • Submit an article
  • Editorial calendar
  • Privacy policy
  • Terms & conditions

SUBSCRIBE

  • Academic Update
  • CPE Express

AICPA & CIMA SITES

  • AICPA-CIMA.com
  • Global Engagement Center
  • Financial Management (FM)
  • The Tax Adviser
  • AICPA Insights
  • Global Career Hub
AICPA & CIMA

© 2026 Association of International Certified Professional Accountants. All rights reserved.

Reliable. Resourceful. Respected.