• All blog entries
    • Calculators
    • Case studies
    • Cost of living
    • CPF Are You Ready?
    • CPF Matters
    • Credit Management
    • e-Learning
    • Estate Planning
    • Events
    • Financial advisers
    • High Networth
    • Insurance
    • Investments
    • Letters to the Press
    • Magazines
    • Others
    • Retirement Planning
    • Scams
    • Surveys
    • Tragic Stories
    • Unethical sales process
    • Videos
  • Legal
  • Testimonies
    • Individual testimonies
    • Gallery
  • My Account
Hi, looking for a fee-based financial planner in Singapore? Read this article now!
  • Home
  • About
    • About Wilfred Ling
    • Why do you run your own professional financial planning practice?
  • FAQs
    • FAQs on Wilfred Ling’s Financial Services
    • FAQs on Financial Planning
    • FAQs on Investments
    • FAQs on Insurance
    • FAQs on Estate Planning
  • Services
    • Overview
    • Create a financially secure plan for your young family (package details)
    • Retirement Planning
    • Investment Portfolio Management
    • Insurance Planning
  • Fees
  • Cool Tools
  • Contact
  • Subscribe
You are here: Home / Estate Planning / Girl,11, molested by uncle 20 times. This can happen to your daughter

Girl,11, molested by uncle 20 times. This can happen to your daughter

19, March 2012 by Wilfred Ling Leave a Comment

Last Updated on 7, April 2014

According to a Straits Times article Coach driver molested niece when she was 11, it was reported that the girl’s uncle molested her 20 times. She did not dare to report it earlier due to out of fear. Of course, this can happen even for young boys as well. Sometime, the greatest enemy turns out to be a relative.

This highlights the fact that young children are extremely vulnerable. First, for the very young they seriously do not know what is right or wrong. Second, even if they know what is wrong, they are fearful to report it. If their closest relative can do harm to them, do you think they trust a teacher or a policeman who are strangers? Third, do they seriously know who to report to anyway? Fourth, if the issue at hand involves civil suits (i.e. not a police case) such as mismanagement of money by the relative/guardian, how is this young fellow going to find money to hire expensive lawyer to fight in court since all the money has already been wasted away at the IR?

There are a few ways which a minor’s guardians are appointed:

  1. Existing biological parents are guardians.
  2. If one parent passes away, the surviving parent is the default guardian.
  3. A guardian can be appointed by the court.
  4. A guardian can be appointed by the parent’s Will.

Therefore, do not take chances. Appoint your own guardians for your children. The question is this: how much money will it take to ensure the children’s are taken care of, that money will not be squandered away? I get calls very often on this but most of the time people think that it just involves writing a Will of S$200. Can $200 buy the New iPad? The new IPad is priced at around US$829 for a 64GB model. Is the children’s welfare much less valuable than an IPad? If S$200 cannot even buy a gadget like IPad, do you think it can perform the miracle of ensuring your children’s monies are safe?

Remember that not all relatives are created equal – some are more equal than others.

Like this article? Subscribe to my newsletter below for more.

Get regular Tips on Financial Planning. Free subscription for 3 years. Covers all aspect of financial planning such as 'How much salary you should have?', 'How to avoid insurance that is not suitable?", 'What are the retirement planning methods?", etc

Share this:

  • Tweet
  • Print

Related

Filed Under: Estate Planning, Tragic Stories

What do you think? Leave a comment. Cancel reply


WILFRED LING, CFA

WANT TO GET REGULAR TIPS ON FINANCIAL PLANNING?

JOIN with thousands of other subscribers in getting tips on all aspect of financial planning such as "What is the minimum salary required?", "How avoid insurance that is not suitable", etc.


WILFRED LING IN THE NEWS

Click HERE to find out more.


THE KIND OF CLIENTS I AM LOOKING FOR

NEW TO US?

Learn how you can fully benefit from this massive website: HERE

For Registered Users Only (free)

  • Webinar on 7 Real Stories To Achieve Your Financial Freedom 6/6/2023
  • Webinar on Major change in cancer treatments in your integrated shield plans 3/9/2022
  • How and what to invest now? (Webinar) 28/7/2022
  • How to identify high performing unit trusts in 3 steps (Webinar) 3/9/2021
  • Financial Planning – Christian Perspective Part 2 (Webinar) 14/8/2021

View All

For Clients Only

  • Video Message to Clients 30/12/2021
  • Exclusive client-only Investment Update Webinar by Wilfred 26/11/2021
  • JPMorgan Guide to Market Q2 2020 15/4/2020
  • JPMorgan Perspective Q2 2020 15/4/2020
  • JPMorgan Guide to Market Q1 2020 5/2/2020

View All

Recent comments

  • Dipokdas on Travel Without Financial Worries: 3 Tips to Achieve Financial Independence (Sydney)
  • Nay Nay on Is PruSelect Vantage plan a good or bad product?
  • Basil on Question on Manulife InvestReady
  • mah weng kong on Is PruSelect Vantage plan a good or bad product?
  • Rafi on Wilfred Ling’s Story, the beginning
  • ECE7 on Wilfred Ling’s Story, the beginning

To be notified of new blog post, like this facebook page

To be notified of new blog post, like this facebook page

Read articles based on different categories

Chartered Financial Analyst

CFA

Chartered Financial Consultant

ChFC

Featured Blogger

IM$avvy

© Copyright 2006-2025 Wilfred Ling

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore

hollow-nasty
hollow-nasty
hollow-nasty
hollow-nasty