Lasting Power of Attorney (LPA) Singapore
Are you thinking of applying your Lasting Power of Attorney (LPA) in Singapore?
Don’t know how to apply your LPA?
Why is it important to register for an LPA in Singapore?
Here is it:
We guarantee to provide you with all the necessary information you need here and help you to apply your LPA in Singapore.
Before we start, let’s take a look at this family that has a member of the family that is struggling with mental incapacity and how it could possibly hurt the relationship with your love ones.
What is a Lasting Power of Attorney (LPA)?
The Lasting Power of Attorney (LPA) is a legal document for you, the donor, to nominate one or more people who is called the donee(s), to make decision on your behalf in the event that you are not able to make decision yourself due to mental incapacity. When applying for the LPA document, you must be at least 21 years old and above.
To give a practical example..
When a person is suffering from dementia, one of the common symptom is memory loss. She might remember event that happen years ago but could not recollect what she ate for lunch. This could post a serious problem and might hinder her daily life. Example, she forgets how to get back to her own home.
If she has made an LPA, her trusted donee(s) could make decisions on her behalf and access to her insurance policies for claims, bank account, Central Provident Fund (CPF) accounts and more.
Generally, there are two broad areas that you could appoint to act on your behalf and they are mainly: personal welfare and property & affair matters.
Who Can Be My Donee?
You can practically appoint anybody to be your donee as long as this person is above the age of 21 years old. You may nominate your spouse, relatives, siblings and you know what? You can even appoint your best friend to be your donee.
Your appointed donee should be someone that you trust and you believe that he or she is reliable and competent enough to act on your behalf.
What Forms Do I Need To Fill?
You are required to fill up the following forms:
- Application Form
- LPA Form (Either Form 1 or Form 2)
- A photocopies of a clear NRIC of donor and all participating donee(s) including replacement donees (if any)
For LPA Form 1, you may use this form to give general powers to your donee(s).
For LPA Form 2, you may use this form if you would like have more specific powers given to your donee(s) to act on your behalf. Please kindly note that it is required for you to engage a lawyer to make LPA Form 2.
You may also select to give very specific power to your donee(s) related to the following:
- Personal welfare
- Properties & Affairs
- Both your personal welfare and properties & affair matters
If you are unsure on how to fill the form and is not confident of what are the powers to give to your donee(s), then you are highly encouraged to consult a lawyer to understand about the specific powers when filling the form.
Does My LPA Application Need To Be Certified?
After filling up the forms required, your forms have to be certified by a Certified Issuer.
A Certified Issuer may be either:
- An accredited medical doctor
- A practicing lawyer
- A registered psychiatrist
The Certified Issuer have to sign and certifies that the donor knows and understand fully what are the implication when making a LPA.
The Certified Issuer have to also make sure that the donor is not under duress, fraud and undue pressure when applying for the LPA.
What If I Don’t Have An LPA?
If you do not have an LPA registered before mental incapacity happen, someone (most likely is the next-of-kin) will have to go to the court and apply to be a Deputy so that he or she can make decision on your behalf.
However.. We strongly discourage you to do that..
The process to apply for the Deputy is very long and it will cost you and your love ones a bomb.
Trust me.. You rather pay for the application of LPA than to pay for that expensive process.
Check out this video:
How My Donee Act On My Behalf?
This is a very good question!
When you have registered for your LPA, it is the best thing that you have done for your family and your love ones. It really help to ease their stress when they need to handle your personal and financial matters.
Check this video to understand more:
Its Quite Tedious! I’m Afraid That I Fill Up The Form Wrongly
We understand that there are many steps that you need to do and consider when registering for your LPA.
We also understand that you might fill up the forms wrongly and could be rejected.
We totally understand your concerns and struggles.
We are your solution and we can help.
Since you have to get a Certified Issuer to certify your LPA..
Since you have to understand what specific powers you are giving to your donee(s),
And since you need to submit your correctly filled LPA form..
It is highly recommended that you engage a professional to assist you and ease your worries from this process.
Your tedious work can all be shortened and we will help you submit your LPA application to the relevant authority on your behalf.
After which, you just need to relax, wait for the confirmation and your LPA is registered!
IT IS THAT EASY!
How Much Does It Cost?
Do you know that the cost for helping you to apply for your Lasting Power of Attorney (LPA) is at reasonable price of $250?
Yes, it is that affordable!
We believe that nobody should be penalized because of high cost for making such an important document and therefore, we have made it economical for any working adult.
And we rather give you this affordable price than for you to pay for the high cost if the person don’t have the LPA done up and the family members have to apply from the court which will be even more costly.
Who Are We?
At Estate Planning Singapore, we are a team of trained and qualified professionals that assist in the estate planning for business owners and individuals. Our holistic approach when planning for their inheritance, includes potential disputes and issues. Mental incapacity is one area that we would discuss so that their assets are preserved. Some of the additional comprehensive service that we provide are Will Writing Service and Will Custody Service to make sure that our customer’s wealth are well protected and distributed based on their wish.
Want Us To Assist In Your Lasting Power of Attorney (LPA) Application?
If you would like us to assist in your application of Lasting Power of Attorney (LPA) application, please contact us at (+65) 9380 2839 or you can fill up your questions in our enquiry form and we will connect with you shortly.
OUR ESTATE PLANNING HELPLINE
No matter how complex the situation is, we will do our best to assist in planning and developing an actionable solution for your asset distribution and protection.
RECENT ESTATE PLANNING NEWS ARTICLES
We have negotiated with our preferred partner to offer the cheapest and most lowest will writing service in town for as low as $388! Yes, you heard it correct. It is that affordable! Do contact us to fix an appointment and ta-da! you are done! We also...
Have you wondered what are the few major mistakes when developing your own estate plan?In this article, we will let you know what are the common mistakes that commoner like you and me will make while drafting your own estate plan.Read on.Not Making A WillOne of the...