Benefits of an LPA
Life is full of uncertainties. On one day, you may be healthy, energetic, and bursting with life. And on the next, you may well lose your mental capacity.
The Lasting Power of Attorney (“LPA”) is an important pre-planning tool. In essence, it allows you to “donate” your decision-making powers to a person whom you consider reliable, competent and capable. This kicks in upon the loss of your mental capacity.
Not only does the LPA allows you to safeguard your interests, making an LPA also allows you to minimise the stress and difficulties facing your loved ones should you lose the mental capacity to make your decisions, as they would have to apply to court to be appointed a deputy.
LPA Fees
LPA FEE Waiver for Singapore Citizens
Singaporeans will have more reason to execute an LPA. This is attributable to the Government’s decision to waive the $75 application fee (extended till 31 March 2026), and a further simplified application process.
LPA Fees for Singapore Permanent Residents and Foreigners
Singapore Permanent Residents (SPR) will pay an application fee of $100, and Foreigners will pay an application fee of $250 when submitting the forms to the Office of the Public Guardian (OPG).
