Planning Ahead with a Lasting Power of Attorney in Singapore
Life is uncertain and there might be a time when a person cannot make a choice, either because of sickness or because of his or her loss of mental functions. A Lasting Power Of Attorney in Singapore is a way of making sure that your personal, financial and medical affairs are taken care of by the person you trust. This is a legal document that brings peace of mind because you are able to plan and safeguard your interests in the future. Unless families plan ahead, they can be delayed and confront legal obstacles in attempting to handle the affairs of their loved one. Early creation of LPA also means that the decisions made can be executable without complications. What Is a Lasting Power of Attorney? Lasting Power of Attorney is a document that permits an individual, referred to as a donor, to designate another(s) person(s), who is trusted to represent him or her in case of mental incapability. These nominated persons are known as donees whose role is to make decisio...