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  • Writer's pictureDerrick Soh Law Corporation

Lasting Power of Attorney (LPA): Should I make one?

Updated: Feb 27, 2023

The short answer is: yes. It is no secret that the aging population in Singapore is on the rise. Statistics have shown that by 2030, the aging population will increase by about 25% (approximately more than 900,000 senior folks).

Many of these senior folks will require some form of care. Data has shown that in 2020, about 70,000 senior folks had difficulty performing the basic needs such as showering and eating. It would not be surprising if some of them have since lost their memory.

LPA - Derrick Soh Law Corporation
Dementia can happen to anyone.

How can these senior folks ensure that their basic needs are taken care of?

One possible way is of course to make a LPA. A LPA is a legal document that allows you to nominate your donee(s) to carry out certain powers that you have given to them when you are of sound mind. These powers typically include the ability to care for your personal welfare and manage your property and/or assets.

The Singapore government has been encouraging Singaporeans to make their LPA. This is to prevent your loved ones from having to make a court application to manage your welfare and assets. Such an application is costly and can be avoidable if you make a LPA.

Further, the Singapore government has extended the waiver of the application fee for the LPA to 31 March 2023. Thereafter, an application fee of $75.00 applies.

Do contact our office at +65 6970 8287 to book your appointment.


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