Protect Your Children: What You Need To Know About Guardianship
Guardianship 101 written by Little Steps Asia
Familiarise yourself and learn what it is you need to have set up to protect your children with all you need to know about guardianship in Hong Kong. Especially for expats living in Hong Kong it is very important to understand the need to have a Will in place and guardianship deeds to protect your children and make important provisions for their future.
Any minor, a child under the age of 18 must have a Guardian appointed for them who will be responsible for them in the event if 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 making 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 herself, 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.