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
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LPA Form 1 – A simplified form granting broad powers to the donee(s) for handling personal welfare and property matters.
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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.
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
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HDB Power of Attorney – Allows an appointed person to handle HDB-related matters such as buying, selling, or subletting property.
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General Power of Attorney – Grants broad powers for managing financial transactions, business dealings, and legal matters.
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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.
Process flow & Timeline
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:
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Understand Your Needs – We take the time to assess your unique circumstances and concerns.
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Provide Tailored Advice – Get clear, customized solutions for will writing, LPAs, probate, trusts, and more.
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Answer Your Questions – Gain clarity on legal processes, ensuring you make informed decisions.
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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.
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