As our life expectancy improves, it has become increasingly common for seniors to find love after divorce or during widowhood. However, if an elderly person decides to start a relationship, or even marry a much younger person, complex issues might arise, especially when the senior becomes mentally incapacitated.
In a byline for Economic Digest, Rita Ku and Sarina Cheung explained the potential concerns surrounding twilight romance, and how older individuals can plan ahead if they are looking to enter into marriage with a much younger partner, in order to ensure harmony in the family and protect their financial assets. This includes drafting pre-nuptial agreements and formal wills, and setting up a private trust to safeguard family legacies.
Read Rita and Sarina’s full article on Economic Digest.
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