Lasting Power of Attorney Lawyers

Why everyone should get an LPA in Singapore

The answer lies in the potential consequences of not having one in place.

In the unfortunate event that mental capacity is lost without an LPA, family members must embark on the complex journey of securing a Deputyship Order to manage the donor’s affairs. This court order appoints a court-appointed deputy, chosen without the donor’s input, to oversee their affairs. The appointed person may not align with the donor’s preferences, leaving them without a voice in the matter.

Furthermore, the absence of an LPA can impose significant stress and financial burdens on family members. Accessing the bank accounts of a breadwinner who has lost mental capacity becomes a daunting challenge, hindering the payment of essential bills while awaiting the issuance of the court order. The process of applying for a Deputyship Order is not only arduous but also time-consuming, often spanning several months.

In stark contrast, setting up a Lasting Power of Attorney presents numerous advantages and zero disadvantages. It is a step that should be taken by everyone, offering profound peace of mind in the face of unforeseen circumstances. Moreover, it is advisable to complement your LPA with a professionally drafted will, ensuring comprehensive protection for your future.

Don’t leave your future to chance – take control and safeguard your interests by establishing a Lasting Power of Attorney today.

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