The internationalization of wealth combined with people living longer and the prevalence of dementia means that it is increasingly important to think about who looks after your affairs if you are not able to.
A person may live in one country, hold assets in another, and receive care or treatment in a third. This is particularly common for internationally mobile families with connections to jurisdictions such as Hong Kong and England, where differing legal frameworks can create complications if capacity is lost. When that person loses capacity, advisers and families often discover that the legal frameworks governing decision-making and representation do not align. The result can be delay, uncertainty, cost and significant practical difficulty at precisely the moment when clarity is most needed.