Alfred Ip discusses the circumstances under which individuals lose mental capacity, particularly in relation to financial decision-making. He shares his experiences in addressing issues that require effective advance planning, as well as situations where disputes or exploitation may arise due to a decline in mental capacity.
He highlights essential protective measures such as Wills, Enduring Powers of Attorney, and Advance Medical Directives, emphasising the importance of planning who will make decisions on one’s behalf. This includes the possibility of explicitly excluding certain family members from one’s estate plan. Such considerations necessitate professional support from a solicitor specialising in Estate Planning, who can assist individuals at risk of future mental vulnerability in achieving a high degree of clarity and transparency.
The programme was broadcast on The Close – RTHK Radio 3 and is available for access on the Podcast One section of RTHK AM567 website.
Copyrights: RTHK
