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 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).
LPA Certification Services and Legal Advisory
In the past, a worrying 20% of the LPA applications have been rejected due to mistakes, or inconsistencies in the form. As such, it is prudent to seek legal advice when executing an LPA.
For assistance on estate planning, please contact us to make an appointment.
- Will Preparation Checklist?
- How to make a Will in Singapore?
- I am not rich, should I make a Will?
- I already have a Will, do I need to update it?
- The Truth and Myths about Wills in Singapore
- CPF Nominations in Marriages in Singapore
- Giving Differently Through Your Will
Lasting Power of attorney
- What is the Mental Capacity Act?
- What Does it Mean to Lose your Mental Capacity?
- Why You Should Make a LPA?
- What Happens if I lose my Mental Capacity Without Having Made a Lasting Power of Attorney (LPA)?
- How to make a LPA
- What are the Considerations when Choosing your Donee?
- What Types of Decisions can my Donee make on my Behalf?
- Where do I Find a Certificate Issuer?