Antony Lim – Wealth Consultant

It’s crucial to consider your financial future and protect your aspirations. Uncertainties like an illness or accident could derail you from your plans in this exciting stage. Have you ever wondered:

• Will it disrupt my career progression and aspirations?
• Could it deplete my hard-earned savings, affecting my ability to achieve my dreams?
• Do I have sufficient savings for emergencies?
• As an adult now, will it burden my parents to take care of me?
• How do I achieve financial freedom and balance of income & expenditure?
• How do I create the passive income so I can work less harder?

Regardless the status, it’s crucial to plan your finances to ensure the well-being of both yourself and your partner. Understanding the legal challenges, when uncertainties like an illness, accident or death could derail you from your plans. Have you ever wondered:

• Will my partner or/and parents be taken care of?
• Will the loss of income burden my partner/parents as he/she must now provide for us?
• Will a sudden loss of income force us to downgrade our lifestyle?
• How do I ensure I protect my partner’s interests in joint assets that we owned when I am gone?
• Without burneding my family, will I be taken care of if I am alone?
• Will it affect our retirement savings and plans?
• Do I have long term health care solution so that I don’t trouble my partner or parents?

However, uncertainties could derail you from your plans in this exciting stage. Have you ever wondered:

• Will my fiancé/spouse be burdened with heavy debts if an illness, accident, or death occurs to me?
• How can I ensure that my fiancé/spouse receives their rightful share of our assets?
• What if we discover we’re not able to have a baby naturally?
• Will I have sufficient savings to start a family?

However, uncertainties could derail you from your plans in this high responsibility stage. Have you ever wondered:

• Will the loss of a family member’s income due to an illness or disability burden my spouse as he/she must now provide for the entire family?
• Could an unexpected illness or death leave my family with overwhelming debts?
• How will a family crisis affect our ability to save for our children’s education?
• Will a sudden loss of income force us to downgrade our lifestyle?
• How will caring for elderly parents affect our retirement savings and plans?
• Will we incur extra expenses to care for an ill family member?
• Do I have sufficient savings for family emergencies?

However, there are times when things may not go as planned, leaving you to wonder:

• What if my spouse experienced a pregnancy complication resulted in unexpected medical expenses?
• What if my child was born with conginital condition or other health conditions that resulted in long term medical care?
• What if my spouse passed on and I became single parent?
• Are we financially prepared for the expenses associated with raising a child?
• How can we ensure our child’s future financial security, including education and inheritance?

In the event of an illness, accident, or death, you might wonder:

• Will my business plan still be able to be executed?
• Will my child or spouse be prepared to take over the business?
• Could my passing result in creditors demanding repayment?
• As a guarantor, will my family be burdened with heavy debts?
• Will my business partner honor the buy & sell agreement and protect my family’s interests?
• Will the business have sufficient contingency funds to ensure its continuation?
• How will these events impact my retirement plans?

Preparing for retirement requires careful planning and consideration of various factors. Have you wondered:

• Are my retirement savings sufficient to support my desired lifestyle?
• How will healthcare costs impact my retirement finances, and do I have adequate coverage?
• How can I avoid burdening my family, particularly my child who is just beginning to progress in their own life, in the event of a critical illness?
• What are my options for generating income in retirement, and how can I ensure my savings last?
• Are there any tax implications or estate planning considerations I need to address?
• How can I protect my assets and ensure financial security for myself and my family in retirement?
• What if my child is a spendthrift? How can I ensure that he/she doesn’t spend everything and practices responsible financial management?

Working abroad or living as an expatriate presents unique financial opportunities and challenges. However, uncertainties like an illness or accident could derail you from your plans in this stage. Have you wondered:

• Will it disrupt my career progression to the extent that I am forced to return to my home country?
• Could I deplete my hard-earned savings to cover high living costs if I am unable to work?
• Do I have sufficient savings for emergencies?
• Do I have a backup plan for returning home?
• Will the loss of a income burden my entire family?
• If I am unable to provide for my family, how can I ensure they are taken care of?