- 3 March 2016
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What is the Lasting Power of Attorney(LPA)?
The Lasting Power of Attorney is a legal instrument to allow a person (the Donor) to appoint one or more person (the Donee) to make decisions on his/her behalf in an event where the donor loses the mental capacity to manage his/her own affairs. The LPA comes into effect in an event where the Donor loses his/her mental capacity and is terminated upon the Donor’s death.
Who needs to make a LPA?
Mental incapacity can occur at any time to people of all ages, either through accidents or illnesses. As such, everyone should make a LPA to protect not only his/her interest but also the interest of his/her family members should unforeseen circumstances arise.
(This article is for your general information only and is not to be considered as formal legal advice to you. You may contact us at 6836-5944 should you require specific legal advice. )