Protect Your Children: What You Need To Know About Guardianship
Guardianship 101 by Little Steps Asia
Learn all you need to know about guardianship and how best to protect your children in Hong Kong.
Especially for expat parents living in Hong Kong or abroad, it is extremely important to understand the need to have a Last Will & Testament in place, and in addition to a Will, guardianship deeds to protect your children and ensure good provisions have been made for their future.
Any minor, a child under the age of 18 must have a guardian/s appointed for them who will be responsible for them in case there is an event where both parents were to pass away.
Did you know? Without a Will, your child may not be in the care of the right person. If there is no evidence of guardians being appointed for your child, then the State takes responsibility until a suitable guardian is found. This is important for parents to know, as no parent would want their child to be in State care!
What should you do? Read more…
Don’t hesitate and make the mistake that so many do who put off and avoid writing a Will, as you will only regret the opportunity you had to financially plan and make necessary provisions for your family and loved ones.
For both locals and expats in Hong Kong, having a Will is an especially important aspect of financial planning.
Expat Living HK spoke to our Phoenix Wills director, and Hong Kong-based expat of 16 years, Asa Candussi Wilkins, about all the important questions on the topic of Wills, estate planning and how a Will is necessary for financial planning for your future.