โ๐ช๐ผ๐บ๐ฒ๐ป ๐๐ต๐ผ๐๐น๐ฑ ๐ป๐ผ๐ ๐๐ฎ๐ธ๐ฒ ๐ฒ๐๐๐ฎ๐๐ฒ ๐ฝ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ด๐ฟ๐ฎ๐ป๐๐ฒ๐ฑ!โ
โ๐๐ฆ๐ข๐ท๐ช๐ฏ๐จ ๐ค๐ญ๐ฆ๐ข๐ณ ๐ช๐ฏ๐ด๐ต๐ณ๐ถ๐ค๐ต๐ช๐ฐ๐ฏ๐ด ๐ข๐ฃ๐ฐ๐ถ๐ต ๐บ๐ฐ๐ถ๐ณ ๐ข๐ด๐ด๐ฆ๐ต๐ด ๐ฏ๐ฐ๐ต ๐ฐ๐ฏ๐ญ๐บ ๐ฆ๐ฏ๐ด๐ถ๐ณ๐ฆ๐ด ๐บ๐ฐ๐ถ๐ณ ๐ญ๐ฐ๐ท๐ฆ๐ฅ ๐ฐ๐ฏ๐ฆ๐ด ๐ข๐ณ๐ฆ ๐ต๐ข๐ฌ๐ฆ๐ฏ ๐ค๐ข๐ณ๐ฆ ๐ฐ๐ง ๐ฏ๐ฐ๐ธ ๐ข๐ฏ๐ฅ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ, ๐ช๐ต ๐ข๐ญ๐ด๐ฐ ๐ฑ๐ณ๐ฆ๐ท๐ฆ๐ฏ๐ต๐ด ๐ฅ๐ช๐ด๐ฑ๐ถ๐ต๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ฎ๐ฆ๐ด๐ด๐บ ๐ด๐ช๐ต๐ถ๐ข๐ต๐ช๐ฐ๐ฏ๐ด.โ
Traditionally, men have undertaken the role of being the sole breadwinner and the one in charge of finances and financial planning. However, over the decades, particularly in recent years, as the ๐๐จ๐๐ฎ๐ฌ ๐ฌ๐ก๐ข๐๐ญ๐ฌ ๐จ๐ง ๐ซ๐๐๐จ๐ ๐ง๐ข๐ฌ๐ข๐ง๐ ๐ฐ๐จ๐ฆ๐๐ง ๐๐๐ข๐ง๐ ๐จ๐ง ๐ฉ๐๐ซ ๐๐ฌ ๐ฆ๐๐ง; assertion that they have equals rights, topics concerning women have occasionally taken the forefront. News articles or documentaries on womenโs careers, health, parenting and other gender specific issues have been frequently discussed.
Generally, women tend to focus on beauty, fitness and health matters. However, ๐๐ง๐จ๐ญ๐ก๐๐ซ ๐ข๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐ญ ๐๐ฌ๐ฉ๐๐๐ญ ๐ญ๐ก๐๐ญ ๐ฐ๐จ๐ฆ๐๐ง ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ญ๐๐ค๐ ๐๐ก๐๐ซ๐ ๐ ๐จ๐ ๐ข๐ฌ ๐จ๐ง ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ . Financial planning covers beyond savings and/or insurance. It involves estate planning too. Gone were the days where men held the purse strings and are the sole decision makers when it comes to financial matters. ๐๐จ๐ฆ๐๐ง ๐ ๐๐ซ๐ ๐๐ฆ๐ฉ๐จ๐ฐ๐๐ซ๐๐ ๐ญ๐จ ๐ฉ๐ฅ๐๐ง ๐๐ง๐ ๐ฆ๐๐ค๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐ฌ๐ข๐จ๐ง๐ฌ ๐๐จ๐ซ ๐ญ๐ก๐๐ข๐ซ ๐จ๐ฐ๐ง ๐ฅ๐ข๐ฏ๐๐ฌ ๐๐ฌ ๐ญ๐ก๐๐ฒ ๐๐ซ๐ ๐ฐ๐๐ฅ๐ฅ ๐๐๐ฎ๐๐๐ญ๐๐, ๐๐ง๐ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฌ๐๐ฏ๐ฏ๐ฒ ๐ญ๐จ๐จ.
Estate planning also include making decisions for oneโs personal affairs. Legal document – Lasting Power of Attorney (LPA) appoint someone to act in your stead should you become incapacitated. Do also consider your family dynamics when making financial planning as it can be extremely costly and time consuming to appoint a lawyer in undertaking and fulfilling legal requirements before Court to settle finance/personal matters.
In addition, ๐ฐ๐จ๐ฆ๐๐ง ๐ง๐๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ญ๐ก๐๐ข๐ซ ๐ฆ๐๐ซ๐ข๐ญ๐๐ฅ ๐ฌ๐ญ๐๐ญ๐ฎ๐ฌ ๐ข๐ง๐ญ๐จ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ก๐๐ง ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฎ๐ง๐๐จ๐ซ๐๐ฌ๐๐๐ง ๐๐ฎ๐ญ๐ฎ๐ซ๐. ๐๐ผ๐ฟ ๐๐ถ๐ป๐ด๐น๐ฒ๐, their main focus could be on their parents or siblings. ๐๐ผ๐ฟ ๐บ๐ฎ๐ฟ๐ฟ๐ถ๐ฒ๐ฑ ๐๐ผ๐บ๐ฒ๐ป, their primary focus could be on their spouses or children. Therefore, it is essential to discuss with a Financial Advisor who will plan for the estate (will) accordingly.
๐ช๐ผ๐บ๐ฒ๐ป ๐๐ต๐ผ๐๐น๐ฑ ๐ป๐ผ๐ ๐๐ฎ๐ธ๐ฒ ๐ฒ๐๐๐ฎ๐๐ฒ ๐ฝ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐ด๐ฟ๐ฎ๐ป๐๐ฒ๐ฑ, even when married. Knowledge empowers and she can make joint decisions with her spouse to ensure her (and childrenโs) welfare is well taken care of. This is crucial as reports have shown that many women were at a loss during acrimonious divorces or when their spouses died. They had made the mistake of being overly reliant on their spouses on financial planning and were completely unaware of the nature and extent the assets they (or he) owned. This lack of knowledge and inability to comprehend such matters severely compound the distress a woman feels when bombarded with settling of such issues.
๐๐ง ๐ญ๐ก๐ ๐๐ฅ๐ข๐ฉ ๐ฌ๐ข๐๐, ๐ญ๐ก๐ ๐๐ ๐จ๐ง๐ฒ ๐๐๐ง ๐๐ ๐ญ๐จ๐ญ๐๐ฅ๐ฅ๐ฒ ๐๐ฏ๐จ๐ข๐๐๐ ๐ฐ๐ก๐๐ง ๐ฐ๐จ๐ฆ๐๐ง ๐ฌ๐๐๐ค ๐ญ๐จ ๐ญ๐๐ค๐ ๐๐ก๐๐ซ๐ ๐ ๐ข๐ง ๐๐๐ข๐ง๐ ๐๐ฐ๐๐ซ๐ ๐๐ง๐ ๐๐๐ฎ๐๐๐ญ๐๐ ๐ข๐ง ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ/๐๐ฌ๐ญ๐๐ญ๐ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐ฆ๐๐ญ๐ญ๐๐ซ๐ฌ. This can be simply done by consulting a Financial (Estate) Planner and engaging family members ๐ in open discussions on financial/estate planning. It is never too late to start planning, no matter what stage and status of life one is in.ย ย ย
๐ฉ ๐๐ผ๐ถ๐ป ๐จ๐ ๐๐ป ๐๐ต๐ฒ ๐จ๐ฝ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐ช๐ถ๐น๐น ๐ช๐ฟ๐ถ๐๐ถ๐ป๐ด ๐ฆ๐ฒ๐บ๐ถ๐ป๐ฎ๐ฟ ๐ฉ
โ ๐ง๐ถ๐๐น๐ฒ: ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐๐ต, ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐น๐น, ๐ฌ๐ผ๐๐ฟ ๐ช๐ฎ๐ โ
๐ ๐๐๐ญ๐ก ๐๐๐ฉ๐ญ ๐๐๐๐, ๐๐๐ญ โ ๐๐๐๐ฆ
๐๐๐๐ ๐๐๐๐๐ก ๐๐, #๐๐-๐๐/๐๐ ๐๐๐ญ๐๐ฐ๐๐ฒ ๐๐๐ฌ๐ญ, ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐๐๐๐๐ (๐๐๐๐ซ๐๐ฌ๐ญ ๐๐๐: ๐๐ฎ๐ ๐ข๐ฌ)ย
โ ๐ฅ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ ๐๐ฒ๐ฟ๐ฒ https://engage.fa.com.sg/events/zephanielau/30septwillwriting/
๐ฉ ๐๐ฏ๐ผ๐๐ ๐บ๐ฒ – https://engage.fa.com.sg/zephanielau/
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