Reported about 1 year ago
With the increasing trend of aging and living alone, PwC Taiwan's accountants suggest the elderly should reserve sufficient wealth utilizing four tools: reverse mortgage, living trust, family welfare trust, and long-term care community planning to ensure comfortable living and medical care. Addressing the changing family structures in Taiwan, PwC Taiwan established the 'Family and Elderly Rights Department' to provide integrated services for a happy and dignified elder life, covering aspects like property preservation, family harmony, crisis management, and tax planning. Various legal professionals also recommend planning ahead for elderly individuals to manage assets, avoid family disputes, and optimize tax planning for both local and overseas assets.
Source: YAHOO