Yap Ming Hui: In today’s article, I want to talk about reviewing financial plans in the event of death. While this is a grave topic to discuss, it is important to do so especially if one has dependents i.e. children or aged parents.亚马逊云账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
OVER the past two years, the Covid-19 pandemic has left everyone feeling uncertain and worried about their safety and their loved ones. With the number of deaths by the coronavirus surpassing the 20,000 mark since the beginning of the pandemic, discussions of preventive measures have escalated.
While the worry about getting protection has been preeminent, there is another area of concern – financial safety in the event of an unexpected circumstance or tragedy.
Ask any financial adviser, and he will tell you that a big part of financial planning is for the unexpected such as a loss of income, accident, or worse fatal tragedy.
However, many people fail to pay attention to this area. This is of course natural, as no one likes to ruminate about something undesirable to happen especially when it comes to death.
It is a tricky and taboo subject that we would want to avoid, and if a person has young dependents or children, planning for this can cause anxiety.
The unexpected event, fatal or not, is much bigger now due to the Covid-19 pandemic.
It has caused up to 4,422 children to lose a parent, guardian or both parents.
This is a reality that is so close to home that it is difficult to ignore and even harder to be simply pushed aside.
In today’s article, I want to talk about reviewing financial plans in the event of death.
While this is a grave topic to discuss, it is important to do so especially if one has dependents i.e. children or aged parents.
There is no predicting who the pandemic is going to affect next. However, plans can be put in place to ensure that a family is able to sustain even after the parents are gone.
How to prepare for the unexpected?
Are people prepared in the event of sudden death?
Do they know what assets they’ll be leaving behind for their family should something unexpected happen to them?
These are some of the questions they should ask when planning their wealth.
Financial planning is not just about achieving financial freedom and planning for one’s long- awaited retirement years.
It is also about planning for contingencies such as experiencing a loss of income, or matters pertaining to one’s demise.
By planning for these circumstances, he or she is inevitably preserving assets, and thus ensure that their family doesn’t lose what they’ve worked so hard to achieve financially.
If someone died unexpectedly tomorrow, would his or her family have access to all the person’s accounts and finances? Have that person written a will to ensure that the wealth is distributed smoothly among the people intended to inherit it?