Money and Me: What happens to your money if you lose mental capacity?

If you suddenly lose the ability to manage your finances, can your spouse or children automatically take over? What happens to your bank accounts, investments and ongoing financial commitments? Lance Alexander speaks with Claudia Tan, Financial Services Director at PhillipCapital, about the differences between a Lasting Power of Attorney (LPA), CPF nomination and will, the gaps that even well-prepared investors may overlook, and how to protect your financial affairs when you can no longer make decisions yourself.

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