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8 - Financial Planning Mechanisms Available to Persons with Special Needs in Singapore

from Part II - Lasting/Enduring Power of Attorney

Published online by Cambridge University Press:  28 June 2019

By
Tang Hang Wu
Edited by
Lusina Ho  and
Rebecca Lee
Lusina Ho
Affiliation:
The University of Hong Kong
Rebecca Lee
Affiliation:
The University of Hong Kong
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Summary

Persons with special needs are in an extremely vulnerable position where they are potentially subject to financial abuse by rogues. Unfortunately, policy makers and scholars have not given this problem sufficient consideration. Drawing from the Singapore experience, this chapter explores the financial planning mechanisms available to persons with special needs which currently exist through legislation and various government and non-profit initiatives. It then considers several case studies of financial abuse of persons with special needs to expose the potential systemic weaknesses in the current regime. The aim of the chapter is to provoke a conversation on how societies can do better by enacting laws and implementing schemes to prevent financial abuse of persons with special needs.

Keywords

Voluntary Welfare OrganisationMental Capacity Actlasting power of attorneyPublic Guardianspecial needs trustPublic TrusteeSpecial Needs Savings Schemeadult protectionAdult Protective ServiceCommunity Kin Service
Type
Chapter
Information
Special Needs Financial Planning
A Comparative Perspective
 , pp. 212 - 236
Publisher: Cambridge University Press
Print publication year: 2019

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