Lasting Power of Attorney / Power of Attorney

Planning for the future involves more than just managing your assets

Ensuring that your personal and financial affairs are taken care of should you become unable to make decisions.

In Singapore, a Lasting Power of Attorney (LPA) and a Power of Attorney (POA) are essential legal instruments that grant trusted individuals the authority to act on your behalf under specific circumstances.
At Stamford Legacy, we provide expert guidance to help you establish these legal documents with clarity and confidence.

What is a Lasting Power of Attorney (LPA)?

An LPA is a legal document that allows you (the donor) to appoint one or more individuals (donees) to make decisions on your behalf if you lose mental capacity due to illness, accident, or aging-related conditions like dementia. Governed by the Mental Capacity Act, the LPA ensures that your personal welfare and financial matters are handled according to your wishes.

Types of LPA in Singapore

LPA Form 1 – A simplified form granting broad powers to the donee(s) for handling personal welfare and property matters.
LPA Form 2 – A customized version that allows for specific instructions, requiring legal drafting by a lawyer.

Key Benefits of an LPA

✔ Prevents Court-Appointed Deputies – Without an LPA, your family may need to undergo a costly and time-consuming court process to appoint a deputy.
✔ Ensures Your Interests Are Protected – Appointing a trusted person ensures that your affairs are managed in line with your preferences.
✔ Minimizes Family Disputes – Clear legal authority helps prevent conflicts over decision-making.

Protect Your Interest Now

What is a Power of Attorney (POA)?

A POA is a legal document that grants an individual (the donee) temporary authority to act on behalf of the donor in specific matters, usually related to financial or property transactions. Unlike an LPA, a POA remains valid only while the donor retains mental capacity.

Common Uses of a POA in Singapore

HDB Power of Attorney – Allows an appointed person to handle HDB-related matters such as buying, selling, or subletting property.
General Power of Attorney – Grants broad powers for managing financial transactions, business dealings, and legal matters.
Specific Power of Attorney – Limits authority to a specific task, such as signing a contract or managing a single property transaction.

Key Benefits of a POA

✔ Convenience for Property & Financial Transactions – Enables trusted individuals to act on your behalf when you are overseas or unavailable.
✔ Flexibility & Control – You can specify the scope and duration of authority granted.
✔ Prevents Legal Delays – Avoids unnecessary administrative hurdles in managing your assets.

Protect Your Interests Now

Process flow & Timeline

What is a Will?

A Will is a legally binding document that sets out how your assets will be distributed upon your passing. It allows you to appoint executors, guardians for your minor children, and specify beneficiaries for your estate.
Why should I write a Will?

Writing a Will ensures that your assets are distributed according to your wishes, prevents family disputes, and expedites the probate process. Without a Will, your estate will be distributed according to Singapore’s Intestate Succession Act, which may not align with your intentions.
Who can make a Will in Singapore?

Any person who is at least 21 years old and of sound mind can make a Will. Exceptions may apply for those serving in the military or maritime industry.
What happens if I pass away without a Will?

If you die intestate (without a Will), your assets will be distributed according to the Intestate Succession Act. This may not reflect your preferences and can lead to delays and disputes among family members.
Can I write my own Will?

Yes, you can write your own Will, but it must comply with legal requirements to be valid. A poorly drafted Will may lead to disputes or be declared invalid, which is why seeking professional assistance is recommended.
What are the legal requirements for a Will to be valid in Singapore?

For a Will to be legally valid in Singapore, it must: Be in writing Be signed by the testator (person making the Will) Be witnessed by two or more witnesses (who are not beneficiaries or spouses of beneficiaries) Be made voluntarily and without coercion
Can I update or change my Will?

Yes, you can revise your Will at any time by either: Creating a new Will that revokes the previous one Adding a Codicil (a legal amendment to an existing Will)
Who should I appoint as my executor?

An executor is responsible for carrying out the instructions in your Will. You should appoint a trusted individual (e.g., a family member, friend, or professional executor) who is responsible and capable of handling legal and financial matters.
What assets can I include in my Will?

You can include: Bank accounts Real estate (excluding HDB flats under joint tenancy) Investments (stocks, bonds, insurance policies) Personal belongings (jewelry, vehicles, etc.)
Can my CPF savings be included in my Will?

No, CPF savings cannot be distributed via a Will. Instead, you must make a CPF nomination through the CPF Board to designate beneficiaries.
Where should I keep my Will?

Your Will should be stored in a safe and accessible location, such as: Our Will Custody Service - We provide safekeeping services for Wills With your executor In a safe deposit box
How does a Will differ from a Lasting Power of Attorney (LPA)?

A Will takes effect only after death and governs the distribution of assets. An LPA applies while you are alive but incapacitated, allowing appointed donees to make decisions on your behalf.
How can Stamford Legacy assist me in Will planning?

At Stamford Legacy, we provide comprehensive estate planning services, ensuring your Will is legally sound, accurately reflects your wishes, and is properly executed for peace of mind. Contact us today for a consultation!

Request a Consultation

Planning for the future starts with the right guidance. At Stamford Legacy, we offer professional and personalized consultations to help you navigate the complexities of will planning, estate management, and legal matters with confidence.

During your consultation, our experts will:

Understand Your Needs – We take the time to assess your unique circumstances and concerns.
Provide Tailored Advice – Get clear, customized solutions for will writing, LPAs, probate, trusts, and more.
Answer Your Questions – Gain clarity on legal processes, ensuring you make informed decisions.
Offer a Hassle-Free Experience – We simplify estate planning, making it smooth and stress-free.

Start Planning with Confidence

Whether you’re looking to draft a will, protect your assets, or secure your family’s future, our team is ready to assist you. Book a consultation today and take the first step towards peace of mind.