Personal Finance
4 young children lost both parents within 2 months and how the credit default swap can help
By Wilfred Ling, The IFA on Duty  •  April 16, 2013
Recently, 4 young children - ages from three to 13 - lost both of their parents in just two months. The deaths of both of their parents were unrelated. According to the articles 4 kids lose mum to cancer, dad in crash and She's 13, and mum and dad to siblings, their mother Madam Wang Shu Rong died of colon cancer when she was just 29 years old. Two months later, their father Lim Guang Chin died in a vehicle accident. He was just 34 years old. In the New Paper article, it was reported that the eldest of the children – Vivian Lim – was just 13 years old and she had to be the ‘mother and father’ of her 3 younger siblings from now onwards. This is an indeed a tragic event to the family. Nobody wants that to happen and normally this will not happen. Unfortunately ......
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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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