How a Lasting Power of Attorney can guard against financial abuse

Quick Summary:

The LPA allows a donor who is 21 years old and above to voluntarily appoint up to two donees to make decisions and act on his or her behalf.

Donees can be appointed to act in the two broad areas of personal welfare and/or property and other matters.

SINGAPORE – None of us wants to think we might be rendered mentally incapable one day, yet sadly the risk is there, so drawing up a Lasting Power of Attorney (LPA) is essential.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Chor Khieng Yuit

Category: EconomyBusiness

Markets: Singapore

Topics: Donees And/or Personal Media Limited Property Areas Welfare Broad Other Appointed

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-18 @ 05:00:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 115 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28771272

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 7 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions