Hows and whys
Are you looking to create a lasting power of attorney (LPA) in Singapore? If so, you’ll be pleased to know that it’s a straightforward process. In this article, we’ll guide you through the steps involved in creating an LPA and highlight some of the benefits of having one.
Step-by-Step Guide to Creating an LPA in Singapore
- Complete the LPA form: The LPA form is available on the Ministry of Social and Family Development’s website or can be obtained from the Office of the Public Guardian. You can also seek the help of a lawyer or LPA certificate issuer to assist you in completing the form.
- Register the LPA: Once the LPA is completed, it must be registered with the Office of the Public Guardian. The registration fee is currently $50 per LPA.
Benefits of Having an LPA
Creating an LPA can offer several benefits, including:
- Peace of mind: By creating an LPA, you can have peace of mind knowing that your interests will be protected even if you’re unable to make decisions for yourself.
- Choice of decision-maker: By appointing someone you trust (donee), you (doner) can have confidence that your decisions will be made in your best interest.
- Avoiding court intervention: Without an LPA, if you become mentally incapacitated, the court may appoint someone to make decisions on your behalf. This process can be costly and time-consuming, and the appointed person may not necessarily be someone you would have chosen.
- Ensuring your wishes are respected: By appointing someone (a donee) to make decisions on your behalf, you can ensure that your wishes are respected even if you’re unable to communicate them.
Conclusion
In conclusion, creating a lasting power of attorney is an important step in ensuring that your interests are protected, especially in the event of mental incapacity. By appointing someone you trust to make decisions on your behalf, you can have peace of mind knowing that your interests will be safeguarded. If you’re interested in creating an LPA, consult with a lawyer or LPA certificate issuer to ensure that the process is done correctly.