Parents who don’t plan can cause problems to families

Many feel it is a taboo to plan for “bad things”, but the reality is you and your family will be worse off if you do nothing until it happens. PHOTO ILLUSTRATION: PEXELS
New: Gift this subscriber-only story to your friends and family

One of life’s quirkier ironies is that many well-off people often end up causing fights among their relatives because they are terrible at managing their own affairs, especially in their old age.

Take a local retired high-flying lawyer in his 80s who failed to make plans for himself even though he spent his entire career helping others do so.

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.