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How to adequately support aging parents in 21st Century Singapore
By Dr Wealth  •  May 5, 2021
The struggles of being in the sandwiched class are that you will need to manage children’s education and your parent’s finances. This article describes some of the issues that I dealt with before. It is by no means exhaustive, and my family’s specific situation may often influence my solution. I highlight some key issues that need to be resolved and how to think about a customised solution to your personal needs. i) Facing End of Life Issues I lost my dad in 2019. But my dad was well prepared for his passing and has written a will. While he was still alive, he was transparent about where he kept the document, and it was a simple will. He has just one wife and just one kid. The execution of the will was fast because I had legal training. But even that had minor complications. My mother had to renounce the trustee role to me to speed up the paperwork. One interesting
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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