- Training video on Mental Capacity Act and its relevance to financial planning

Training video on Mental Capacity Act and its relevance to financial planning

Written by Wilfred Ling

The Mental Capacity Act was enacted on 1 March 2010. With this new Act, a new tool now becomes available for professional financial planners to help their clients in managing their clients’ wealth and personal welfare.

In this 45 minutes video, Wilfred Ling – who is a Chartered Financial Consultant – share his thoughts on this topic with a group of financial advisers. This video was recorded "Live" during a training session for financial advisers.

Outline of contents:

Mental Capacity Act
Newspaper clipping
Background
Some problems in lack of mental capacity
What is the Mental Capacity Act
What is the Lasting Power of Attorney?
Examples of mental incapacity
Who decides the lack of mental capacity?
The Personal Welfare Donee
The Property & Affairs Donee
Donee's appointment canceled when...
Who are the parities in the LPA?
How to make an LPA?
Exclusions
40 people appoint proxy decision makers
What is a Deputy?
What are other interesting things?
Mdm Hwang vs OCBC
What is the relevance of MCA to financial planning?
Issues that need to be solved
Estate Planning I approach
Estate Plan I comments
Estate Planning II approach
Estate Planning III approach
Estate Planning III comments
Relevance to financial planning?
References

Computer Requirements

Internet bandwidth of 2Mbps
Modern web browser that supports Flash. See sample video to ensure your computer system is able to view the video.

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