Seniors risk financial abuse if they don’t make plans early

It pays to get your lasting power of attorney and will in order when you are still able. ST PHOTO: DESMOND WEE
New: Gift this subscriber-only story to your friends and family

It feels good to be sought after, especially having relatives or friends fighting to take care of you in old age.

But you should not wait for this to happen because it can also mean that you are losing the ability to make decisions for yourself, and it also opens up the very real possibility that the assets you have built up over your life will be squandered and not used according to your wishes.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.