This video advertisement caught my eye.
Office of the Public Guardian Commercial
It’s not the normal range of financial matters that I usually talk about in my blog but considering the kind of impact that this kind of issues has on one’s financial, it’s important education as well.
Having been through my own family’s financial woes, I know how disruptive it is when a family member failed to plan well financially or do not know how to manage money. In this case, not appointing a power of attorney in the event one loses the mental capacity to make any decisions can lead to family tensions as different family members hold different views and would make different decisions that not everybody can see eye to eye with. Such matters can become a drag on the people shouldering the responsibilities.
One other main point that I would like to point out is that other than the tensions from the care and financial decisions needed which strained the family’s relationship, ultimately, the root cause of this tension is actually – the LACK of money.
