"At the end of life, many seniors are left with little more than a home and a desire for independence," Dr. Tawarat said. "Without a solid plan, they risk becoming a burden — both to themselves and their families."
He highlighted international practices such as reverse mortgages — financial tools that allow elderly homeowners to convert their property into a steady income while retaining residency — as effective ways to foster independence and reduce dependency on younger family members.
Dr. Tawarat also advocated for conscious inheritance planning, suggesting that asset distribution should begin while individuals are still alive and able to make clear, informed decisions. He warned against giving away all possessions without consideration, noting that such actions can inadvertently shift responsibilities onto the next generation.
"With the rise of 'single elderly' households and a decline in traditional family caregiving, Thai society needs to build systems that empower older individuals to care for themselves with dignity," he said.
As part of OKMD's lifelong learning advocacy, Dr. Tawarat outlined five core components for preparing for later life:
- Financial Planning - Including retirement savings, debt management, health insurance, and inheritance structuring
- Health Preparedness - Through regular check-ups, proper nutrition, and active lifestyles
- Mental and Emotional Readiness - To handle transitions such as retirement, loss, and shifting family dynamics
- Post-Retirement Skills and Engagement - Encouraging hobbies, social participation, and ongoing learning
- End-of-Life Planning - Including will preparation and post-departure arrangements to minimize stress for loved ones
"Death should not be feared or ignored; it should be understood. Preparing for it is not just about dying well — it's about living well, right up to the end," Dr. Tawarat concluded.
Source: TAM ROI PHOR 2559
