Lasting Power of Attorney in Singapore
Secure Your Future with a
A Lasting Power of Attorney (LPA) grants you peace of mind by ensuring that your affairs are handled according to your wishes if you lose the mental capacity to make decisions. At The Life Legacy, we offer a straightforward and affordable service to help you set up your LPA in Singapore. Protect your future by designating a trusted individual to manage your personal and financial matters today.
What is the
Lasting Power of Attorney (LPA)
LPA is a legal document that is drawn up appointing donees to act for the clients if they lose mental capacity. This is an initiative by the Office of the Public Guardian under the Ministry of Social Development and Family (MSF).
Preparing the Lasting Power of Attorney is a very important process because without an LPA, family members will have to undergo a long, tedious and expensive process to apply to be a court deputy if their family members lose mental capacity. This allows the donee and donees to have a peace of mind as well as an easy, more affordable procedure to apply for, should the inevitable happen.
4 Benefits of the
Lasting Power of Attorney (LPA)
1. Financial Management
An LPA allows you to designate a trusted individual (donee) to handle your finances, including operating bank accounts, paying bills, and making investment decisions. This ensures financial continuity and avoids potential disruptions if you become mentally incapacitated.
3. Personal Welfare
An LPA can empower your donee to make decisions concerning your daily life and well-being. This includes aspects like choosing your place of residence, selecting appropriate care facilities, or consenting to personal care services.
2. Property Management
The LPA grants your donee the authority to manage your property, such as selling or leasing real estate or handling rental income. This safeguards your assets and allows for their proper administration during a period of incapacity.
4. Peace of Mind
Having a Lasting Power of Attorney in place provides significant peace of mind for both you and your loved ones. You gain the comfort of knowing your affairs will be handled according to your wishes, while your family avoids the stress and uncertainty of navigating complex legal processes during a challenging time.
Why Choose The Life Legacy?
The Life Legacy empowers you with knowledge and resources:
• Expertise and Experience: With almost 10 years in the market, The Life Legacy offers clear and comprehensive resources explaining LPA types, benefits, and the process.
• Tailored Solutions: The Life Legacy provides personalised solutions that address specific family dynamics, financial situations, and personal goals.
• Simplified Process and Convenient: The Life Legacy aims to make the LPA process less daunting. Our consultants will guide you through the steps and connect you with necessary medical professional.
Take control of your future with The Life Legacy. Contact us today to schedule a consultation with our Legacy Planning experts.
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What is LPA?The LPA is a legal document that allows a person who is of legal age (21 years and above) to appoint one or more persons to make decisions on their behalf should they become mentally incapacitated during their lifetime.
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What is the difference between LPA Form 1 and Form 2?The LPA Form 1 allows you to assign general powers to donees without specific or detailed instructions and can be done easily online followed by a certification, whereas the LPA Form 2 allows you to assign specific and detailed instructions to your donees and is required to be done through a lawyer.
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How much does LPA cost?The submission of LPA form 1 costs $70 for Singapore Citizens, $90 for Singapore PRs and $230 for foreigners. The submission fee is waived for citizens until 31st of March 2026, however the LPA Form 1 requires a doctor or lawyer's certification which will incur consultation fees. The submission of LPA form 2 costs $185 for Singapore Citizens, $230 for Singapore PRs and $275 for foreigners in addition to a lawyer's fee as this can only be done through a lawyer.
